December 26, 2014

Wipro Enterprises - Compulsory Buy Back Proposed @ 367 ( Rs. 10 paid )

In a very surprising move ( Un Wipro like ) Promoters of Wipro Enterprises Limited have sought to Compulsorily Buy Out Non Promoter Shareholders  @ Rs. 367 for Rs. 10 Paid Up Share.

EGM , for this Resolution , has been fixed for 13 /01/2015 ,at Bangalore. ( Then Application would be filed with Karnataka High Court ).

Shareholders would oppose .

E VOTING IS FROM 08-01-15 (9 AM ) to 10-01-15 ( 6 PM )

Earlier compulsory buy out of minority share holders by Cadbury India , Nirma , Shakti MetDor etc was deeply resented by  minority shareholders

Instead of this compulsory Buy Back , Promoters should have got Wipro Enterprises listed in BSE / NSE.

For Annual Report 2013-14


General Warning : Investment in shares can be injurious to your WEALTH.

Caution :The blog writer has personal/ family members' holdings in this company ,so please make suitable "provisions " for any  likely over optimism .

( All comments / facts given in good faith. Please recheck all points before taking any investment decision. No responsibility with this blog / writer 

1 comment:

Tanya said...

Selling in Camac Commerical, Bharat Nidhi and Syngenta.

Please call with a confirmed buying offer and not asking rates.

Disclaimer: Don't call after 8:00 p.m.