Hello Sir,
Hope you are doing well.
On 14th May’23, we released Wipro (NSE Code – WIPRO) Special situation opportunity for our Alpha + members and would like to share with you details on the same.
What’s interesting about this opportunity is that the actual acceptance ratio turned out to be 78% in small shareholders category which resulted in good gains of around 13% in 2 months for the investors.
As can be noticed, only 5.18 crore shares tendered in the small-shareholder category against aggregate shareholding of 17.29 crore shares as on the record date.
Thus, while the theoretical acceptance ratio was only 23%, the actual turned out to be 78% in small shareholder’s category.
In our report to members we had assumed 50-60% acceptance ratio, which made the opportunity worth participating as we believed the margin of safety was high.
To understand how buy-back opportunities work, calculations, thought process behind participating in this opportunity, you can read the report (free access) by Clicking HERE or
Check out the below screen-shots of the report shared with members –
We are working on few more interesting stock investment opportunities for long-medium term investment and will likely share something good in the next few days. You can get it along with our other Alpha and Alpha + Members by signing up HERE
There’s also 1 active Special situation opportunity for Alpha + members. You can read about the opportunity by clicking HERE
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Disclaimer: I don’t have any investment in Wipro. This is not a recommendation to buy/sell Wipro and only a way to showcase our research. The securities quoted are for illustration only and are not recommendatory.
Best Regards,
Ekansh Mittal
Research Analyst
Web: https://www.katalystwealth.
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Disclaimer: You can access it here – LINK
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