India’s Prism Johnson redeems Rs. 1 billion nonconvertible debentures

By Sarah Lizee

Olympia, Wash., Oct. 16 – Prism Johnson Ltd. informed the Bombay Stock Exchange that it redeemed its Rs. 1 billion of tranche 3 unsecured redeemable nonconvertible debentures on Oct. 16.

The redemption was approved by the company’s board of directors, according to the notice.

Hyderabad, India-based Prism Johnson, formerly known as Prism Cement Ltd., is a building materials company with products that include cement, ready-mixed concrete, tiles, bath products and kitchens.

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