Paramount Communications Allots 2.2 Cr Equity Shares, 72 Lakh Warrants

Paramount Communications Ltd has approved the allotment of 2,19,97,664 equity shares and 72,00,000 unlisted convertible warrants on a preferential basis. This allotment follows board and member approvals, in-principle approvals from BSE and NSE, and receipt of ₹99,95,01,888. The equity shares were allotted at ₹42.00 per share. The company's issued, subscribed, and paid-up capital has increased from ₹61,04,19,628 to ₹65,44,14,956, reflecting the new share issuance. The allotment includes shares and warrants to non-promoter entities and promoters.