SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Paramount Communications gets nod to acquire stake in Valens Technologies

24 Aug 2023 Evaluate

Paramount Communications (PCL) has received approval for the acquisition of 1,93,996 equity shares of Valens Technologies (VTPL) from its existing shareholders. 

This acquisition will give PCL a distinct advantage with their customers where PCL can offer bundled products. It also gives PCL a strong position in the telecom business while also adding market and product diversity in terms of Water pipeline business where VTPL enjoys a strong reputation. The Board of Directors of the Company at their meeting held on August 23, 2023, has approved the same.

Paramount Communications, part of the Paramount group of companies, is one of India's leading wire & cable manufacturing companies.

Paramount Communicat Share Price

40.42 1.92 (4.99%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Polycab India 8184.95
KEI Industries 4841.10
RR Kabel Ltd. 1475.45
Finolex Cables 943.60
Precision Wire India 377.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×