Wipro Enterprises - Compulsory Buy Back Proposed @ 367 ( Rs. 10 paid )
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 /.
General Warning : 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