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

Capital Market 

At meeting held on 10 July 2018

The Board of 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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 10 2018. 15:07 IST