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Polaris Software inks pact to acquire balance stake in Indigo Tx Software

23 Nov 2011 Evaluate

Polaris Software Lab has signed an agreement to acquire the balance 49% equity shares of Indigo Tx Software from its shareholders subject to completion of legal formalities. At present, Polaris Software is holding 51% of equity shares of Indigo Tx Software which is a subsidiary.

Polaris Software Lab is one of India’s leading institutions contributing to the knowledge economy of the global financial services marketplace. The company offers Intellect Suite of Products namely intellect cards, intellect front office, intellect universal banking, intellect consumer finance, intellect cash and liquidity, intellect risk and treasury, intellect portals, intellect wealth management and intellect securities services.

Peers
Company Name CMP
TCS 2554.40
Infosys 1305.20
HCL Tech. 1451.30
Wipro 209.80
Tech Mahindra 1483.60
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