Paramount Communications to consider preferential issue on Aug 25, 2010

Paramount Communications Ltd has announced that a meeting of the Board of Directors of the Company will be held on August 25, 2010, inter alia, to consider issue of securities convertible into equity shares / share warrants or such other securities on preferential basis to the Promoters / Promoters group and/or others under SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009 as amended from time to time.

The stock closed the day at Rs.9.97, down by Rs.0.24 or 2.35%. The stock hit an intraday high of Rs.10.49 and low of Rs.9.90.

The total traded quantity was 2.55 lakhs compared to 2 week average of 1.07 lakhs.

Source : Equity Bulls

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