Wholly owned subsidiary PML Realtors Private Limited has announced a rights issue of 2.25 crore equity shares at ₹11 each, raising ₹24.75 Cr.

The parent company, Paul Merchants Ltd, holding 100% equity in the subsidiary, is the sole subscriber to this issue.

The capital raised will support working capital needs and general corporate purposes, strengthening the subsidiary’s financial position and operational flexibility.

This move reflects an effort to bolster resource availability within the group, potentially benefiting overall business stability and growth prospects.