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AEI Cables ceases to be subsidiary company of Paramount Communications

06 Mar 2014 Evaluate

AEI Cables, United Kingdom is no longer a subsidiary company of Paramount Communications. This is pursuant to AEI Cables going into administration whereby the company had been informed by the secured lenders that the administrator has finalized the sale of company’s assets in consultation with them as per the extant UK laws and that the sale transaction was closed on February 28, 2014.

Paramount Communications caters to a wide range of industries with an equally wide range of technologically advanced cables, cords and wires for Telecommunication, Railways, Space Research, Thermal & Nuclear Power Plants, Petrochemical, Fertilizers, Steel, Electronics and various other industries.

Peers
Company Name CMP
Polycab India 8400.00
KEI Industries 4679.50
RR Kabel Ltd. 2527.00
Finolex Cables 1460.40
Precision Wire India 502.25
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