With reference to the earlier announcement regarding receipt of orders of High Court of Karnataka and other related correspondence, Wipro Ltd has now informed BSE that the Order of the High Court of Karnataka has been filed with the Registrar of Companies and the Demerger is effective March 31, 2013. Further, the Company has fixed April 11, 2013 as the Record Date for the purpose of determining the members of the Company to whom notice will be sent and Securities of the Resulting Company will be allotted and who will be entitled to the Exchange Right pursuant to the Scheme of Arrangement ('Election and Exchange Notice').
Such Election and Exchange Notice shall be sent to members as on the said Record Date of April 11, 2013.
In this regard, the Company has submitted to BSE a copy of synopsis of entitlement of the shareholder.
Wipro Ltd has informed BSE regarding a Press Release dated April 01, 2013, titled 'Wipro's scheme of arrangement for demerger effective from March 31, 2013'.
SUB. :- Scheme of Arrangement of Wipro Ltd. (Scrip Code 507685)
Trading Members of the Exchange are hereby informed that, Wipro Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement of the Company for Demerger of Diversified Business' of the company as provided in the Scheme approved by Hon'ble High Court of Karnataka.
COMPANY NAME CODE
Wipro Ltd.
(407685,507685, 607685)
RECORD DATE
11.04.2013
PURPOSE
Scheme of Arrangement: -
Purpose of determining the members of the Company to whom notice will be sent and Securities of Resulting Company will be allotted and who will be entitled to the Exchange Right pursuant to the Scheme of Arrangement (lection and Exchange Notice')
EX-ENTITLEMENT FROM DATE & SETT. NO.
09/04/2013 DR-009/2013- 2014
Trading Members are requested to take note of it.
(As Per BSE Notice Dated on 03.04.2013) | Powered by Capital Market - Live News |
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