Polaris Financial Technology gains on inaugurating new sales office in New Zealand

15 Feb 2013

Polaris Financial Technology is currently trading at Rs. 126.75, up by 2.25 points or 1.81% from its previous closing of Rs. 124.50 on the BSE.

The scrip opened at Rs. 125.00 and has touched a high and low of Rs. 127.00 and Rs. 125.00 respectively. So far 4,634 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 175.40 and a 52 week low of Rs. 102.80.

The current market cap of the company is Rs. 1,260.00 crore.

The promoters holding in the company stood at 29.15% while Institutions and Non-Institutions held 28.39% and 42.46% respectively.

Polaris Financial Technology, a leader in financial technology (FT) products, services and solutions, has inaugurated new sales office in Wellington, New Zealand. With this step, Polaris demonstrated its commitment to the ICT industry in New Zealand. The company clients will have immediate access to (i) leading-edge IP, technologies and services, (ii) consultants with deep FT domain expertise, and (iii) competitive service delivery models.

In addition, Polaris is well-positioned to develop differentiated solutions to satisfy the unique requirements of the New Zealand market. Polaris is committed to forging local partnerships with industry leaders in banking & insurance domains and leveraging local talent for specialist skills.

Polaris is a full-spectrum Financial Technology major, using technology as an enabler to drive unprecedented operational productivity in Retail, Corporate and Investment Banking. Polaris services over 200 banks across the world, including 9 of the top 10 banks, with a comprehensive suite of products, services and consulting offerings.

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