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Polaris Consulting to delist from stock exchanges

It will provide enhanced operational flexibility, says promoter Virtusa

T E Narasimhan  |  Chennai 

Polaris Consulting to delist from stock exchanges

Polaris Consulting & Services Limited has decided to from the to provide the company operational flexibility, said its new promoter  

In March 2016, Virtusa Corporation acquired a majority interest in Polaris Consulting Services Ltd, which was earlier promoted by Arun Jain.

The company said if the delisting proposal is successful it would provide an exit opportunity to

In a note to the stock exchange, the company said the objective of making the delisting offer is to enable the promoter group to obtain full ownership of the company.

Not being publicly listed has its own benefits such as cost savings and reduction in dedicating management time to comply with the requirements associated with continued listings, the company said.

Pvt Ltd currently holds 74.40 per cent in the company.

First Published: Thu, October 26 2017. 09:38 IST