Polaris Consulting & Services has received its board approval for its delisting proposal. The meeting was held on October 31 after the public shareholders received a delisting proposal for acquiring 26,172,715 equity shares of the company, each worth Rs 5. The total number of shares offered represents 25.60 per cent of the company's stocks held by public shareholders.
The Board also approved the appointment of Yes Securities as the merchant banker for carrying out due diligence for the delisting.
The company is one of India’s leading institutions contributing to the knowledge economy of the global financial services marketplace. Polaris has established its solutions and services footprint globally contributing to the realization of the business vision of some of the world's leading giants in the money vertical.
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