Announced Thu, 25 Jun · 17:32 IST
Paramount Communications gets nod for preferential share and warrant issue
Fund Raising View source PDF
PARACABLES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹70.00
prior close
₹70.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.1-3.4-3.3-2.9-1.8+6.0+2.7+2.1+2.5-7.0-7.0———
Up moveDown movePending
AI summary
Paramount Communications has received in-principle approval from BSE and NSE to issue 2.19 crore equity shares at Rs 42 each (face value Rs 2, premium Rs 40) to non-promoters and 72 lakh unlisted convertible warrants at Rs 42 each to promoters on a preferential basis. Each warrant can be converted into one equity share. Total potential dilution is about 2.91 crore shares worth roughly Rs 122.7 crore at the issue price.
Likely market impact
Existing shareholders may face dilution of about 2.91 crore shares. Funds raised could support growth, but near-term share price may see pressure from expanded share count.