Announced Thu, 2 Jul · 07:02 IST
Prism Johnson completes sale of Raheja QBE insurance JV stake to QBE Group
PRSMJOHNSN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹116.51
prior close
₹117.28
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.0-0.0-0.2-0.5-0.9-1.4-4.3-4.4-3.4-7.6———
Up moveDown movePending
AI summary
Prism Johnson has completed the sale of its entire stake in Raheja QBE General Insurance Company, its material unlisted insurance subsidiary, to QBE Holdings (AAP) Pty Limited on 1 July 2026. All conditions precedent including IRDAI approval and shareholder approval were satisfied. With this completion, RQBE ceases to be a subsidiary of Prism Johnson, and the joint venture and shareholders agreement with Australia's QBE Group in the general insurance business stand terminated.
Likely market impact
Insurance arm fully exits the group. Prism Johnson can refocus on core businesses; deal value impact was disclosed in earlier filings.