Friday, 13 March 2015

Wipro Enterprises isn't Having any plans for listing :-

Wipro Enterprises is going private and there are no plans to list the company is the clear message coming in from Wipro founder Azim Premji to shareholders at an extra-ordinary general meeting (EGM). According to Premji the group's consumer business has a different structure and it is best to take it private.Minority shareholders had asked for option to sell out.They had asked Wipro to consider listing Wipro Enterprises.Wipro Enterprises is the unlisted demerged consumer business.Wipro is seeking shareholder nod at EGM to take Wipro Enterprises private.

Read more at: http://www.moneycontrol.com/news/cnbc-tv18-comments/no-plans-to-list-wipro-enterprises-azim-premji_1273672.html?utm_source=ref_article

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