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.
| 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.. | |
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