Brief: Prism Johnson Approves Divestment Of Raheja QBE General Insurance
06/07/2020 05:03
July 6 (Reuters) - Prism Johnson Ltd PRIS.NS :
* APPROVES DIVESTMENT OF 51% OF PAID-UP EQUITY SHARE CAPITAL
IN
RAHEJA QBE GENERAL INSURANCE
* DIVESTMENT FOR AN AGGREGATE CONSIDERATION OF 2.90 BILLION
RUPEES
* DIVESTMENT WILL TERMINATE CO'S JV WITH QBE IN GENERAL
INSURANCE
BUSINESS IN INDIA
Source text for Eikon: ID:nBSE4nzVc4
Further company coverage: PRIS.NS
((Reuters.Briefs@thomsonreuters.com;))
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