Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar
Festival Offer
This Diwali, Light up your portfolio with MoneyWorks4me Superstars starting @ ₹ 7,999 ₹ 5,999 (Offer valid till 3rd Nov 21)

Polaris Consulting’s promoter plans to offload 1.86% stake

08 Dec 2016

Polaris Consulting & Services’ promoter Virtusa Consulting Services is planning to offload its stake. The offer-for-sale (OFS) by the promoter of Polaris Consulting & Services will open on December 8, 2016. The floor price for the offer is Rs 130 a share.

The promoter intends to make an OFS of 18.86 lakh equity shares and a greenshoe option of another 18.86 lakh shares. It represents 1.86 per cent (without greenshoe option) of the equity share capital of the company. The OFS was made to meet the minimum public shareholding norm. According to SEBI norm, all listed companies should have minimum public shareholding of 25 per cent.

Polaris Consulting is a full-spectrum Financial Technology major, using technology as an enabler to drive unprecedented operational productivity in Retail, Corporate and Investment Banking.

Related Polaris Consulting & Services Ltd. Links:
1 Year Price Chart
Company Name CMP
TCS 3488.95
Infosys 1728.70
HCL Tech. 1176.80
Wipro 671.25
Tech Mahindra 1568.20
View more..
Sensex vs Polaris Consulting
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323