India's Prism Johnson gains on $2 mln sanitaryware deal
23/08/2024 05:51
** Shares of India's Prism Johnson PRIS.NS rises 3% to 166
rupees
** Construction materials maker buys 50% stake in Sunbath
Sanitary Pvt Ltd by investing 187.2 mln rupees ($2.2 mln)
** Post deal, sanitaryware maker Sunbath has become JV of
PRIS
** Trading vols 2.4x 30-day avg
** Day's jump trims YTD losses to ~10%
($1 = 83.8900 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
((Hritam.Mukherjee@thomsonreuters.com;))
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