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Prism Johnson Ltd - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

| Updated on July 30, 2019 Published on July 30, 2019

This is to inform you that the Company has agreed to acquire upto 30% equity stake for approximately ` 2 Crores in Sunspring Solar Private Limited (Sunspring Solar), a subsidiary of Cleantech Solar Energy (India) Private Limited, for the power requirement of the Companys tiles manufacturing facilities aggregating up to 4.58 MWp. The solar plants are expected to be commissioned by Q3FY20 in a phased manner.

Sunspring Solar is engaged in the business of providing solar power solutions comprising of consulting, design, engineering, fabrication, installation, commissioning, distribution, operation & maintenance and monitoring of distributed rooftop and ground mounted solar power plants primarily for captive consumption of commercial and industrial customers in India. Sunspring Solar was incorporated on May 20, 2019.

This arrangement is expected to reduce the overall cost of production.

Pdf Link: Prism Johnson Ltd - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

Source : BSE - www.bseindia.com

Published on July 30, 2019
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