Wire & Wireless India - Outcome Of EGM

Wire & Wireless India Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 26, 2007, have approved unanimously / with requisite majority the following resolutions:1. Issue and allotment to Jayneer Capital Pvt Ltd, one of the promoter group Companies, on preferential basis, 10,750,000 convertible warrants, convertible into equal number of Equity shares of the Company, at a price of Rs 122/- per equity share, worked out as per SEBI (Disclosure and Investor Protection) Guidelines, 2000.2. Issue and allotment of such number of Equity shares and / or other convertible Instruments by a domestic / international offering through the QIP route or otherwise including by issue of ADRS, GDRs, FCCBs, etc for an amount not exceeding USD 225 Million equivalent to approx. Rs 10,125 Million, inclusive of the premium in compliance with Chapter XIII A of the SEBI (Disclosure and Investor Protection) Guidelines, 2000.