Announced Tue, 14 Jul · 17:34 IST
Paramount Communications allots 31,995 equity shares under ESOP 2023 plan
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PARACABLES · price
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Price reaction · full curve 14 horizons · vs prior close
+1.7%1-day move
₹65.65
prior close
₹66.66
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.7-0.6-0.2+1.7-2.1-0.8+0.5-4.1-5.7————
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AI summary
Paramount Communications has allotted 31,995 equity shares to employees who exercised vested stock options under the Stock Incentive Plan 2023. Exercise price was Rs 5 per share, face value Rs 2. Paid-up share capital rose from about Rs 65.44 crore to Rs 65.45 crore, taking total equity shares to 32.72 crore. New shares will rank equally with existing shares and will be listed on BSE and NSE. No lock-in applies to these shares.
Likely market impact
Very small equity dilution of about 0.01 percent. No lock-in, so shares are freely tradable on listing. Neutral to mildly positive for employee morale.