WIPRO -Demerger- Exercise Option Letter Receipt - Last Day 09-05-2013

http://www.wipro.com/Documents/investors/pdf-files/Election_and_Exchange_notice.pdf

Record Day For Determining eligible WIPRO Shareholders : 11-04-13.

Last Day by which Form of Acceptance Must Reach RTA ( KARVY ) :- 09-05-13

( Form must NOT be Sent to the Company )

OPTIONS AVAILABLE TO WIPRO SHAREHOLDERS :-

1 ) Option 1 - Receive 1 Equity ( Rs. 10 Paid ) share of Resulting Co. Wipro Enterprises Limited for every 5 shares ( Rs. 2 Paid ) of WIPRO.Wipro Enterprises would remain UNLISTED ( Please recheck this fact ) 

2 ) Option No. 2 Receive 1 -7% Redeemable ( in 12 months ) Preference Share ( RPS ) for every 5 Equity Shares of WIPRO.

3 ) Option No. 3 - Receive One Equity Share of face value of Rs.2 each of Wipro in exchange for every 1.65 Resulting Company ( Wipro Enterprises Limited ) Equity Share that such Shareholder shall be otherwise entitled to under option (i).
In other words, if one goes for option 3, they would receive approx. 1 share of the listed Wipro for every 8 shares of Wipro held

IMPORTANT : DEFAULT OPTION ( If Shareholders do not Respond ) is OPTION 3  

Please do your Self Study and take your Independent Decision :-

http://www.moneylife.in/article/wipro-demerger-what-is-the-best-option-for-the-shareholders/32368.html

http://profit.ndtv.com/news/market/article-wipro-falls-12-on-demerger-of-it-business-320646

http://articles.economictimes.indiatimes.com/2012-11-09/news/35014348_1_demerger-scheme-equity-shares-redeemable-preference

http://www.smartinvestor.in/mf/mfNewsFeature-mfnews-169805-Web_Special_Demerger_will_establish_Wipro_as_a_pure_play_IT_company.htm

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Blog Disclaimer : Please Recheck ALL Information / Facts. No Responsibility

On Personal level Blog Writer is going in for Option No. 1 . After all there is rareindianshares.com and Share Dealers to trade in UNLISTED Shares  

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Must Read :-

http://churumuri.wordpress.com/2009/07/20/when-azim-premjis-father-said-no-and-no-again/

May Read 

http://www.rareindianshares.info/2011/07/custodian-of-enemy-properties-wipro.html

http://www.rareindianshares.info/2012/01/pre-1947-companies-wanted-joint-listing.html

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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 likely over optimism

( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog . )