Paramount Communications touches roof on entering into OTS with SCB

30 May 2017 Evaluate

Paramount Communications is locked at upper circuit limit at Rs. 4.02, up by 0.19 points or 4.96% from its previous closing of Rs. 3.83 on the BSE.

The scrip opened at Rs. 4.02 and has touched a high and low of Rs. 4.02 and Rs. 4.02 respectively.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 5.65 on 10-Feb-2017 and a 52 week low of Rs. 2.00 on 30-May-2016.

Last one week high and low of the scrip stood at Rs. 4.02 and Rs. 3.50 respectively. The current market cap of the company is Rs. 50.34 crore.

The promoters holding in the company stood at 51.58%, while Institutions and Non-Institutions held 0.80% and 47.63% respectively.

Paramount Communications has entered into a one-time settlement (OTS) with the Standard Chartered Bank (SCB) for settlement of their entire outstanding dues. The agreement was taken on record and approved by the board of directors at their meeting held on May 29, 2017.

Paramount Communications is a cable manufacturing company that caters to industries, including power, railways, telecom, information technology (IT) and communication, construction, defense and space research projects.


Paramount Communicat Share Price

72.67 -0.72 (-0.98%)
31-Oct-2024 16:01 View Price Chart
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