SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Paramount Communications gets nod to raise funds up to Rs 400 crore

08 Aug 2024 Evaluate

Paramount Communications has received approval for raising of funds by way of issuance of equity shares and / or other securities convertible into equity shares (including warrants, or otherwise), fully convertible debentures, partly convertible debentures, non-convertible debentures with or without warrants and/ or convertible preference shares or any security convertible into equity shares (collectively Securities) through permissible modes, for an aggregate amount not exceeding Rs 400 crore or an equivalent amount thereof by way of one or more qualified institutions placement (QIP) or through any other permissible mode and/or combination thereof as may be considered appropriate under applicable law. The Board of Directors of the Company at their meeting held on August 8, 2024, 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:

×