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Paramount Communications will hold an Extra Ordinary General Meeting on August 18 via video conference to seek shareholder approval for a significant fundraising plan. The company proposes to issue up to 2.4 Cr equity shares and 0.5 Cr convertible warrants on a preferential basis to promoters and non-promoters. This capital raise, which could total up to Rs. 400 Cr, is aimed at funding growth and future business development, impacting the company's capital structure and providing capital for expansion.