ALPHA TRIBE

Paul Merchants LtdImportant, 14-10-2025: Company Update

14-10-2025 | 06:57 pm

Paul Merchants Limited announced that its wholly owned subsidiary, PML Realtors Private Limited (PRPL), has approved a Rights Issue. PRPL will issue 2.85 crore equity shares at Rs. 11 each, including a premium, aggregating to Rs. 31.35 crore. As the sole shareholder, Paul Merchants Ltd will subscribe to these shares. The capital infusion is earmarked to meet PRPL's working capital requirements and support general corporate purposes. This strategic funding strengthens the subsidiary's financial health, directly impacting the parent company's consolidated position and enabling PRPL's operational growth.

No comments yet. Be the first to comment!

All announcements from Paul Merchants Ltd