Rights Issue12 Oct 2026, 03:58 pm
Paramount Cosmetics Plans ₹72 Crore Rights Issue
AI Summary
Paramount Cosmetics India Ltd announced its Board of Directors has approved a Rights Issue to raise up to ₹72 crore (Rupees Seventy Two Crore Only). The funds will be raised through the issuance and allotment of equity shares with a face value of ₹10 each. The terms and record date will be decided by a duly constituted committee of the Board. This move is subject to regulatory and statutory approvals.
Key Highlights
- Board approves Rights Issue to raise capital.
- Proposed fundraising target is up to ₹72 crore.
- Equity shares with face value of ₹10 to be issued.
- Terms and record date to be finalized later.
- Subject to regulatory and statutory approvals.
Price Impact
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