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POLARIS SOURCING
Virtusa Corp in final negotiations to buy Polaris Consulting for Rs 1,904 croreVirtusa, cofounded by Sri Lankan entrepreneurs Kris and Tushara Canekeratne, is believed to have valued Polaris at close to $350 million.- Virtusa Corporation eyes Polaris Consulting in a $350 million dealVirtusa's M&A talks with Polaris are seen as a move to strengthen its offerings and get access to new clients in banking and financial serv...
- 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...
- Polaris is meant for patient investors, very positive on the stock: Mehraboon IraniAt this present rate, Polaris is meant for patient investors. When the company does its restructuring, getting essentials, it will take at ...
- Most IT midcaps have returned 100% in a year: Stocks that can rally upto 20% moreAfter a strong performance by IT largecaps, investors are lapping up midcaps in the space to build their portfolios with the defensives ahe...
- Polaris FT rallies nearly 5% to hit 52-week high on business unit sale reportsL&T Infotech, part of the engineering and construction major L&T, is believed to be leading the race to acquire the unit estimated to be va...
- L&T Infotech eyes Polaris FT's services business in $400 mn dealFT is gearing up to sell its services business unit and L&T Infotech is believed to be leading the race to acquire its $400 mn worth busine...
- Polaris Financial rallies 7% on talks it's selling IT services unitPolaris Financial Technologies surged as much as 6.7% on reports that it is in talks with Japan's NEC Corporation to sell its IT services u...
- Citibank's Citi Venture Capital International seeks to exit if Polaris Financial Technology sells its services divisionThe Citi arm is the second largest shareholder in Polaris, owning over 19%, followed by the promoter group which holds about 29%.
- Polaris rallies 15% post IT unit sale buzz; Tech Mah, L&T Infotech in raceL&T Infotech has placed a $330-million offer while Tech Mahindra's bid is more than $350 million.
- Polaris Financial Technology may hive off IT services businessPolaris would seek at least $450 million (over Rs 2,470 crore) for the IT services unit, with operating profit of around $45 million.
- Polaris all set to become M&A targetA deal making move by Polaris could value the company at more than $600 million, said banking sources tracking the development.
- Polaris to implement RBI's core-banking solutionsRBI has chosen Polaris Software Lab to implement its core banking solutions, intended to integrate its operations across all its department...
- Patni, MphasiS in race for AIG unitPatni Computer and MphasiS are among the potential suitors looking to acquire the Indian software unit of troubled insurance giant AIG, sai...
- AIG's Indian software unit on blockPatni Computer and MphasiS are among the potential bidders for the Indian software unit of the troubled insurance giant AIG, said a banking...
- Ex-Polaris CFO Prabal Basu Roy frontrunner for Satyam postRoy confirmed to ET that he is among those being considered for the role, he declined to elaborate further. Satyam's Development Centres | ...
- Polaris could be hit by Bear Stearns saleMarket sources said Bear Stearns is the second-largest client for Polaris in terms of revenue. But this could not be confirmed independentl...
- Indian cos 2nd largest biz investors in N IrelandIndian companies are the second biggest business investors in Northern Ireland, next only to the US, during 2005-06, Lord Diljit Rana, Hono...
- You don't need techies to do ITIT cos such as Infosys, Wipro and Patni are eyeing pros in other sectors to meet their talent needs.
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