Announced Wed, 1 Jul · 18:47 IST
Paramount Communications allots shares worth Rs 100 cr at Rs 42 each
Fund Raising View source PDF
PARACABLES · price
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Price reaction · full curve 14 horizons · vs prior close
-3.6%1-day move
₹74.19
prior close
₹75.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.9-2.9-2.1-2.0-3.6-3.3-8.3-12.3-9.4-10.9-16.4———
Up moveDown movePending
AI summary
Paramount Communications allotted 2.2 crore equity shares and 72 lakh convertible warrants on a preferential basis, raising about Rs 100 crore at Rs 42 per share. Non-promoters including Abakkus Diversified Alpha Fund and other funds and individuals received the shares, while promoters Sanjay Aggarwal and Sandeep Aggarwal received the warrants. Paid-up capital rose from Rs 61 crore to Rs 65 crore.
Likely market impact
Equity dilution for existing shareholders, but Rs 100 cr capital raise may strengthen company finances and growth plans