Paramount Communications Ltd allots 1.70 crore shares

The Board of Directors of Paramount Communications Ltd in their meeting held today, i.e. July 10, 2018 approved the allotment of 1,70,00,000 Equity Shares to Promoters and Promoter group entities on preferential basis, in accordance with the resolution passed by the shareholders of the Company vide Postal Ballot (including E-voting) on 5th June, 2018, at a price of Rs. 15.26/- per Equity Share.

Shares of PARAMOUNT COMMUNICATIONS LTD. was last trading in BSE at Rs.13.72 as compared to the previous close of Rs. 13.95. The total number of shares traded during the day was 4931 in over 15 trades.

The stock hit an intraday high of Rs. 14.1 and intraday low of 13.7. The net turnover during the day was Rs. 67862.

Source : Equity Bulls

Keywords