Zee’s Wire & Wireless India To Raise Rs 200 Crore Funds Ahead Of Listing In 2007

Zee Network’s cable business Wire & Wireless India Ltd (WWIL) is looking to raise a debt of Rs 200 crore for investing in its digital initiatives and for acquisition of local cable operators, reports Indiantelevision.com. The company has already raised Rs 50 crore from IDFC, but is looking to raise another Rs 200 crore.
It’s also in talks with financial investors for offloading stake. The public listing is also on the cards which is expected in the first quarter of next year. More in the report here.

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