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Wire & Wireless to raise Rs 192 cr via private placement

Agencies
Posted: Monday, Jun 08, 2009 at 1201 hrs IST
Updated: Monday, Jun 08, 2009 at 1201 hrs IST

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Mumbai: Cable television firm Wire & Wireless said it will raise Rs 192 crore on a private placement basis from institutional investors.

The board of directors of the company at its meeting held has approved issuing 1,920 redeemable non-convertible debentures of Rs 10 lakh each aggregating Rs 192 crore on a private placement basis to institutional Investors, Wire And Wireless said in a filing to the Bombay Stock Exchange.

These debentures would be listed on the wholesale debt market segment of the National Stock Exchange of India Limited, the filing added.

Shares of Wire & Wireless were trading at Rs 25.20, down 4 per cent on the BSE.

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