Regulatory25 Jun 2026, 05:10 pm
Paramount Communications Gets In-Principle Approval for Share Issuance
AI Summary
Paramount Communications Ltd has received in-principle approval from BSE Limited and the National Stock Exchange of India Limited for the preferential issuance of 2,19,97,664 equity shares and 72,00,000 unlisted convertible warrants. The equity shares will be issued at Rs. 42 each (including a premium of Rs. 40) to non-promoters, and the warrants, convertible into equity shares at Rs. 42 each, will be issued to promoters. This approval is a crucial step towards the planned fundraising and strengthens the company's capital structure.
Key Highlights
- Received in-principle approval from BSE and NSE for preferential share issuance.
- Issuing 2,19,97,664 equity shares and 72,00,000 convertible warrants.
- Equity shares and warrants priced at Rs. 42 each, including premium.
- Issue targets both non-promoters and promoters.
- Approval is a step towards capital enhancement and strategic growth.
Price Impact
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