Paramount Communications Limited announced a private placement of a maximum of up to 22,524,980 common shares at a price of INR 66.50 per share for gross proceeds of up to INR 1,497,911,170 on December 18, 2023. The transaction has been approved by the board of directors of the company. The shares will be issued on preferential basis.

The transaction still needs to be approved by the board at the extra ordinary general meeting to be held on January 11, 2023. The transaction will include participation from new investors Anand Rathi Global Finance Limited for 15,00,000 shares; VLS Finance Limited for 22,55,600 shares; Divya Mehrotra for 7,51,880 shares; Monika Garware for 15,00,000 shares; Morde Foods Private Limited for 10,00,000 shares; Lalita Gupta for 10,00,000 shares; Bighouse Ventures Private Limited for 6,00,000 shares; Snehil Saraf for 5,00,000 shares; Harit exports Private Limited for 5,00,000 shares; Sarika Bhatia for 5,00,000 shares; Yash Poddar for 4,50,000 shares; Madhusudan Loya for 4,50,000 shares; Jitendra Peety for 3,32,000 shares; Dhehal Chhadwa for 3,00,000 shares; Rakesh Rosan Dalmia for 300000 shares; Abhishek Rathi for 260,000 shares; Vashodhara Stock And Shares Private Limited for 2,50,000 shares; Shubham Gupta o for 2,15,000 shares; Sanjay Vinodchandra Bhagat for 2,00,000 shares; Divya Deven Pathak for 2,00,000 shares; Anuj Premkumar Agarwal for 2,00,000 shares; Mridul das for 2,00,000 shares; Saurav Raidhani for 2,00,000 shares; Vishal Nitin Sampat for 2,00,000 shares; Akarsh Pratish Mehta for 2,00,000 shares; Komal Dugar for 2,00,000 shares; Minerva Ventures Fund for 7,50,000 shares; Harivenkata Satish Kurnala for 2,00,000 shares; Pagoti Mrutyunjaya Rao for 2,00,000 shares; Shradha Manish Mehta for 2,00,000 shares; Anil Laxmichand Shah for 2,00,000 shares; AKASH TAPADIA for 2,00,000 shares; Vinod Sethi for 2,00,000 shares; Amit Singla for 2,00,000 shares; Rupesh Kumar Singh for 2,00,000 shares; Sweta Goyal for 2,00,000 shares; Vikas Malhotra for 2,00,000 shares; Shrutika Ankush Ashtikar for 2,00,000 shares; Brijesh Kumar Biyani for 1,50,500 shares; Pratik Mahendra Mehta for 1,50,000 shares; Jhanvi J Rathod for 1,50,000 shares; Viraf Kaikhushroo Chinoy for 1,50,000 shares; Sangeeta Venkatraman for 1,50,000 shares; Nisha Jain for 1,50,000 shares; Gagandeep Singh for 1,50,000 shares; Prabhpreet Singh for 1,50,000 shares; Anil Arora for 1,50,000 shares; Sapna Arora for 1,50,000 shares; SP Electrosolutions Private Limited for 1,50,000 shares; Apoorv Agarwal for 1,00,000 shares; Manmeet Singh Sahni for 1,00,000 shares; Rahul R. Mahajan for 1,00,000 shares; Krisha V Talreja for 1,00,000 shares; Sumaiya Zuber Khan for 1,00,000 shares; Heena Kalentri for 100000 shares; Shubham Santosh Shirodkar for 100000 shares; Ramani Kuldeep Gordhanbhai for 1,00,000 shares; Arman Ali Shaikh for 1,00,000 shares; Nekkanti Venkateshwara Rao for 1,00,000 _ 60 Ganesh Dass Gupta o for 1,00,000 shares; NVS Corporate Consultancy Services Pvt. Ltd. for 1,00,000 shares; Ayesha Bhabha for 1,00,000 shares; Aliya Bhabha for 100000 shares; Growfast Securities and Credit Private Limited for 1,00,000 shares; Vikram Narang for 1,00,000 shares; Vikash Gupta for 1,00,000 shares; Surinder Kaur for 1,00,000 shares; Tilottama M Sanghvi for 1,00,000 shares; Deepak Bhansali for 1,00,000 shares; Madhav krishna Singhania for 1,00,000 shares; Gaurav Sharma for 1,00,000 shares; NPRS Financial Services Private Limited for 1,00,000 shares; Binod Kumar Agarwala for 1,00,000 shares; Ajay Jain for 1,00,000 shares; Amit Sanghi ( HUF) for 1,00,000 shares; Harvinder Popli for 1,00,000 shares; Padigree Advisory Private Limited for 2,60,000 shares; Meenu Jain for 7,00,000.