Board of Paramount Communications approves preferential allotment of 1.70 crore equity shares

At meeting held on 10 July 2018

The Board of Paramount Communications at its meeting held on 10 July 2018 has approved the allotment of 1,70,00,000 Equity Shares to the following Promoters and Promoter group entities on preferential basis, in accordance with the resolution passed by the shareholders of the Company vide Postal Ballot (including E-voting) on 5th June, 2018, at a price of Rs. 15.26/- per Equity Share.

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