Prism Johnson Limited has approved the sale of its entire 51% stake in Raheja QBE General Insurance Company Limited to joint-venture partner QBE Holdings (AAP) Pty Limited for ₹324 crore, marking the company’s exit from the general insurance business.
The decision was approved by the company’s board on March 2, 2026. Under a share purchase agreement signed the same day, Prism Johnson will divest its full shareholding in Raheja QBE to QBE Holdings, which is part of the global insurance group QBE Insurance Group Limited.
The transaction will effectively end Prism Johnson’s joint venture with Australia-based QBE Group in India’s general insurance sector. Upon completion of the deal, Raheja QBE will cease to be a subsidiary of Prism Johnson.
The proposed transaction is subject to several conditions, including approval from shareholders and regulatory clearance from the Insurance Regulatory and Development Authority of India (IRDAI). The company expects the transaction to be completed within nine months.
For the financial year ended March 31, 2025, Raheja QBE reported revenue of ₹498.91 crore and a net worth of ₹253.66 crore, contributing 6.82% to Prism Johnson’s consolidated turnover and 17.16% to consolidated net worth.
