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BSE Announcements on Wipro
Posted by :
MMB Messenger
Wipro Ltd has informed BSE about the following:
1. Administrative Committee of the Companys Board of Directors at their Meeting held on November 04, 2009 resolved to issue and allot 108620 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.
2. Administrative Committee of the Companys Board of Directors vide Circular resolution dated November 04, 2009 allotted 34365 equity shares of par value of Rs. 2/- to JP Morgan Chase Bank, the Companys depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Companys ADS Restricted Stock Unit Plan- 2004....
wipro buys yardley personal care business
Posted by :
stocktobuy
MUMBAI: Wipro, India`s No. 3 software services exporter, said on Thursday it had agreed to buy some personal care businesses of Yardley for about Globe`s biggest M&A dealmakers
Factors for successful M&As
Formula for successful biz
$45.5 million, adding to its consumer goods business.
Wipro said it had signed an agreement with UK-based Lornamead group, which owns the Yardley brand, for the businesses in Asia, the Middle East, Australasia and some African markets.
The transaction is expected to be completed by mid-December, it said in a statement.
Lornamead`s global turnover is estimated to be close to $650 million. Its portfolio straddles various categories of personal care products including hair-care (Brisk, Aqua Net and Vosene), cosmetics and skin-care (Amplex and Handsan), oral care (Brilliant and Goldspot) and home care brand Stergene.
Tura is a significant player in soaps and skin care in Nigeria, with an annual turnover of close to $50 million.
This is Wipro`s second big buy-out in the FMCG space in two years. In July 2007, Wipro had acquired Singapore-based personal care products manufacturer Unza Holdings Ltd for $246 million (Rs 1,010.2 crore) in an all-cash deal. That deal with Unza`s portfolio of shampoos, creams, lotions and detergents had marked Wipro`s big plunge into the global FMCG space.
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Target 570
Posted by :
covai-barathSee, my call yesterday sell call...today reached 578 low and still looking weak..........
Multibagger--Aims 24 mn$ from Yardley
Posted by : rvk41
Wipro has signed an agreement to acquire the Yardley business in Asia, Middle East, Australasia and certain African markets for consideration of nearly USD 45.5 million, from UK-based Lornamead Group. Revenues on run-rate basis for FY`10 is USD 24 million.
This transaction adds another jewel to Wipro Consumer Care and Lighting (FMCG arm of Wipro) following its acquisition of Unza in 2007. The transaction is expected to complete by mid December 2009. Lornamead retains the Yardley business in Europe and the America.
For information,with regards
rvk41
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Wipro acquires Yardley (UK) business
Posted by : pms.swastika
Wipro acquires Yardley (UK) business
Wipro acquires Yardley (UK) business in Asia, Middle East, Australia and certain African markets for $45.50 million.
Regards
Swastika PMS...
NSE Announcements on Wipro
Posted by : MMB MessengerWipro Ltd has informed the Exchange regarding a press release dated November 05, 2009, titled "Wipro acquires the Yardley business in Asia, Middle East, Australasia and certain African countries". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
NSE Announcements on Wipro
Posted by : MMB MessengerWipro Ltd has informed the Exchange that "The Company has granted 87100 ADS Restricted Stock Units with effective date November 1, 2009 to identified employees of subsidiary company of Wipro Limited. The grant of above stock options is in line with SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, as amended and as per the terms of the Stock Option Plans. These restricted stock unit shall vest as per the vesting schedule approved by the Compensation Committee of the Board and can be exercised over the exercise period as per the Restricted Stock Option Plans"....
BSE Announcements on Wipro
Posted by : MMB Messenger
Wipro Ltd has informed BSE that the Company has granted 87100 ADS Restricted Stock Units with effective date November 01, 2009 to identified employees of subsidiary Company of Wipro Ltd.
The grant of above stock options is in line with SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, as amended and as per the terms of the Stock Option Plans.
These restricted stock unit shall vest as per the vesting schedule approved by the Compensation Committee of the Board and can be exercised over the exercise period as per the Restricted Stock Option Plans. ...
Target 570
Posted by : Guest
Don`t go for short at this level..
This will bounce back and again going to move 600+ range.....
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Target 570
Posted by : covai-barath
Will slide to kiss 574-569 in hrs only. Break below 569 will create huge panic.............!!
(Any Rise ,Try to exit )...
you can hold down with your position.. you may get around 650 by monthend...
Don`t loose patience...
NSE Announcements on Wipro
Posted by : MMB MessengerWipro Ltd has informed the Exchange that 1) Administrative Committee of the Board of Directors at their meeting held on November 02, 2009 resolved to issue and allot 103269 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005. 2) Administrative Committee of the Board of Directors vide Circular resolution dated November 02, 2009 allotted 66465 equity shares of par value of Rs. 2/- to JP Morgan chase Bank, the Companys depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Companys ADS Restricted Stock Unit Plan - 2004....
BSE Announcements on Wipro
Posted by : MMB Messenger
Wipro Ltd has informed BSE about the following:
1. Administrative Committee of the Companys Board of Directors at their Meeting held on November 02, 2009 resolved to issue and allot 103269 equity shares of Rs. 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.
2. Administrative Committee of the Companys Board of Directors vide Circular resolution dated November 02, 2009 allotted 66465 equity shares of par value of Rs. 2/- to JP Morgan Chase Bank, the Companys depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Companys ADS Restricted Stock Unit Plan- 2004. ...
you can continue to hold your long position in wipro as the market is likely to bounceback in the short term as it is extremely oversold and will get your price with profit...
WIPRO FUTURE- GUIDENCE
Posted by : dhakak
I am holding wipro future nov at 627 and .As I expect the free fall of nifty to 4600-4550 levels from the current position(4711).I would like to take the guidence of my esteemed friends regarding my position in this share.
Wipro till last chart bullish in short term , medium term and long term .Its support levels are (s1)587 and (s2)567.
Its EMA 20D: 590.09,EMA 34D: EMA 577.02, 50D: 560.13.Its ADX: 18.59, DMI Plus: 20.88, DMI Minus: 17.83.
Will experienced boarders tell me whether i should hold on to my position or should I book loss in apprehension of expected fall of nifty.
REGARDS
DHAKAK...
