Wednesday, August 13, 2008

Wire & Wireless India on rights issue plan

Wire & Wireless India gained 1.91% to Rs 26.65 at 10:09 IST on BSE after the company said its board will meet on 20 August 2008 to consider issue of equity shares on a rights basis.
The stock hit a high of Rs 26.95 and a low of Rs 26.05 so far during the day. The stock had hit a 52-week high of Rs 104 on 6 December 2007 and a 52-week low of Rs 18.55 on 2 July 2008.
The company has an equity capital of Rs 21.72 crore. Face value per share is Rs 1.
Wire & Wireless India reported a net loss of Rs 19.74 crore in Q1 June 2008 as compared to net loss of Rs 20.64 crore in Q1 June 2007. Net sales rose 4.3% to Rs 55.13 crore in Q1 June 2008 over Q1 June 2007.
The company's principal activity is distribution of television channels through analog and digital cable distribution network, primary Internet and allied services. The activities include cable subscription, channel placement, advertisement and leasing out infrastructure.

No comments: