Paramount Communications Allots Equity Shares & 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. The allotment was made to non-promoter entities and promoters, respectively, following board and member approvals, and in-principle approvals from BSE and NSE. The company received Rs. 99,95,01,888 at Rs. 42.00 per equity share. This allotment increases the company's issued, subscribed, and paid-up capital from Rs. 61,04,19,628 to Rs. 65,44,14,956.