Virtusa to launch Rs 590-crore open offer for Polaris from March 11Virtusa, which has acquired a majority stake in Polaris Consulting & Services, will make an open offer of Rs 590 crore to acquire additiona...
Virtusa gets CCI nod to acquire 53% stake in PolarisThe combination is expected to help Virtusa provide end-to-end global banking and financial services and pursue larger consulting and outso...
US-based Virtusa to buy 53% stake in Polaris Consulting for Rs 1,173 croreUS-based Virtusa today agreed to buy majority 53 per cent stake in Chennai-based Polaris Consulting and Services for about Rs 1,173 crore.
Polaris rallies as tech majors make beeline for controlling stakeInvestment bank Credit Suisse has been roped in as an advisor and feelers have gone out to several potential suitors.
Polaris buy-out: Tech majors make beeline for controlling stake in the companyFounded over two decades ago, Polaris competes with Indian offshore players and is predominantly a banking and financial services focused s...
Looking to go deeper into retail banking, insurance products line: Arun Jain, Polaris Financial'The revenue spread is such that 46% comes from Europe and America and the rest 54% comes from Asia Pacific, Middle East and Africa.'
IT majors like HCL Tech, Mahindra Satyam & Infosys bid for Polaris FinancialHowever, the bidders are offering a price that is lower than $400 mn that Polaris was expecting for it, said two people close to the develo...
Polaris Financial Technology approaches Wipro, L&T for services unit salePolaris, through investment bankers, has also sent feelers to at least one multinational information technology services firm.
- Citi pockets Rs 175 crore from Polaris stake sale
Citi has made nearly Rs 175 crore in the last few months by shedding over 10% of its stake in mid-tier company Polaris Software Lab.
- Citi continues to sell Polaris shares
Citi completed yet another round of selling mid-tier company Polaris Software Lab’s shares in the open market on Tuesday.
- Citi continues to divest stake in Polaris
Citi completed another round of selling mid-tier software company Polaris Software Lab’s shares in the open market on Friday.
- Citi continues to divest stake in Polaris
Citi completed its third round of selling mid-tier software company Polaris Software Lab’s shares in the open market on Wednesday.
- Polaris Software to invest Rs 350 mn for expansion
Polaris Software Lab has decided to construct a new 1,500-seat facility at Siruseri near Chennai with an outlay of Rs 350 million.
- Polaris slumps 8% on Citigroup stake sale buzz
Shares of Polaris Software slumped nearly 8 per cent after meltdown hit Citigroup is believed to dump its 40 per cent stake in the Chennai-...
- Polaris eyes smaller firms in Europe, US
Four years past the Orbitech acquisition, Polaris Software Lab saw its annual revenues grow by 72%, but net profit shrink by 75% between 20...
- Polaris on prowl for overseas buyouts
Four years past the Orbitech acquisition, Polaris Software Lab saw its annual revenues grow by 72%, but net profit shrink by 75% between 20...