Paramount Communications Ltd approves allotment of warrants

The Board of directors of Paramount Communications Limited has approved the preferential allotment of equity warrants of the Company convertible into equivalent number of equity shares of face value Rs. 2/- each to the persons / entities who does not belong to the Promoter and Promoter Group of the Company.

Nexpact Limited - 1,00,00,000 warrants
Vidya Metal Manufacturing Company Private Limited - 15,00,000 warrants
NAV Capital VCC-NAV Capital Emerging Star Fund - 10,00,000 warrants
Algoquant Financials LLP - 10,00,000 warrants
Dilip P bhat - 7,00,000 warrants
Sharda Subhashchandra Bhat - 5,00,000 warrants
Payal Sanghavi - 3,00,000 warrants
Sanjay Harshadrai Mehta - 2,00,000 warrants
Jaiprakash N Bhatia - 1,00,000 warrants

Shares of Paramount Communications Limited was last trading in BSE at Rs. 26.90 as compared to the previous close of Rs. 25.65. The total number of shares traded during the day was 228874 in over 120 trades.

The stock hit an intraday high of Rs. 26.90 and intraday low of 26.90. The net turnover during the day was Rs. 6156710.00.

Source : Equity Bulls

Keywords

ParamountCommunications INE074B01023 FundRaising ConvertibleWarrants PreferentialAllotment