The board of Paramount Textile PLC has made the decision to allocate around Tk 29 crore towards solar power generation initiatives. In a statement released today, the textile company announced its plan to acquire 2.89 crore shares of Paramount Solar Ltd, each with a face value of Tk 10, as a strategy for diversifying its portfolio.
As a result of this investment, Paramount Textile’s ownership stake in the company will rise to 99.9 percent. At the Dhaka Stock Exchange, shares of Paramount Textile saw an increase of 1.72 percent, reaching Tk 47.30 by 11:18 am.
