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 receipt of Rs. 99.95 crore. This preferential issue was approved by the Board of Directors and shareholders, and received in-principle approvals from BSE and NSE. The company's issued, subscribed, and paid-up capital has increased post-allotment.
Key Highlights
- Allotment of 2.19 crore equity shares and 72 lakh warrants approved.
- Raised ₹99.95 crore at ₹42.00 per equity share.
- Capital base increased following the preferential allotment.
- Allotment made to both non-promoter and promoter entities.
- Received necessary board, shareholder, and exchange approvals.
Price Impact
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