WWIL plans Rs 4.5 billion rights issue | UnwireIndia

WWIL plans Rs 4.5 billion rights issue

By Rohit • August 21, 2008

Wire & Wireless (India) Ltd, Zee’s demerged cable TV distribution company, is planning to raise up to Rs 4.5 billion through a rights issue to part fund its expansion programme.

The company has a funding requirement of Rs 10 billion over four years, a large part of which will go towards digitalisation and last mile acquisition of cable operators.

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