Prism Johnson Limited announced the successful completion of its share sale in Raheja QBE General Insurance Company Limited to QBE Holdings (AAP) Pty Limited on July 1, 2026. This transaction marks the termination of Prism Johnson’s subsidiary status with Raheja QBE and ends its joint venture with Australia’s QBE Group in India’s general insurance sector. Details were previously disclosed on March 2, 2026.
Share Sale in Raheja QBE Completed
Prism Johnson Limited has officially completed the sale of its shareholding in Raheja QBE General Insurance Company Limited, a material unlisted subsidiary. The transaction was finalized on July 1, 2026, with QBE Holdings (AAP) Pty Limited (‘QBE’) as the buyer. This follows the execution of a share purchase agreement dated March 2, 2026.
Subsidiary Status and Joint Venture Termination
As a result of the completed transaction, Raheja QBE General Insurance Company Limited has ceased to be a subsidiary of Prism Johnson Limited, effective July 1, 2026. Consequently, the company’s joint-venture arrangement with Australia’s QBE Group in the general insurance business within India has been terminated. The shareholders’ agreement between Prism Johnson Limited and QBE has also been terminated.
Regulatory Disclosures
Further details regarding this transaction, as required by Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements) Regulations, 2015, were previously provided in the company’s disclosure dated March 2, 2026. Additional information was also furnished in the Postal Ballot Notice filed with BSE Limited and the National Stock Exchange of India Limited on March 18, 2026.
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Source: BSE
