 "Virtusa to acquire majority stake in Polaris for Rs 1,173 cr")
Polaris Consulting & Services hit a 52-week high of Rs 422, up 8% on BSE in intra-day trade, after Virtusa Consulting Services Private Limited (Acquirer), the promoter of the company set Rs 370 per share as indicative price for delisting of shares from the stock exchanges.
The indicative price is 67.6% premium to Rs 220.73 per equity share, at which the acquirer 78.65% of the voting share capital of the company in March 2016 from the erstwhile promoters and public shareholders and it is 59.2% premium to the floor price of 232.37, as determined in accordance with the Sebi
The indicative price is 67.6% premium to Rs 220.73 per equity share, at which the acquirer 78.65% of the voting share capital of the company in March 2016 from the erstwhile promoters and public shareholders and it is 59.2% premium to the floor price of 232.37, as determined in accordance with the Sebi
