Investment Advisory Service

Wednesday, 19 December 2012

Wipro - Demerger Update

Wipro is moving quite quickly on the demerger scheme. The merchant bankers deserve a compliment for the same. The High court of Karnataka has directed a meeting of the shareholders to approve the scheme. The meeting will be held on December 28, 2012.

The information statement can be checked here and the scheme of arrangement here.

Court Convened Meeting on Dec 28, 2012
18 Dec 2012 11:05
Wipro Ltd has informed BSE that, by an order made on the November 26, 2012, the Hon'ble High Court of Karnataka at Bangalore, has directed that a meeting of the Shareholders of Wipro Ltd ("the Applicant / Demerged Company") will be held on December 28, 2012, at 04:00 P.M. for the purpose of considering and, if thought fit, approving, with or without modification the Scheme of Arrangement between Wipro Ltd (Demerged Company), Azim Premji Custodial Services Private Limited (Resulting Company) and Wipro Trademarks Holding Limited (Trademark Company).

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