In an interview to CNBC-TV18, Arun Jain, chairman & chief executive officer, Polaris gives the details of their divestment plan. The company that holds 85% stake in IdenTrust is divesting in the hope of investing into another portfolio which can be more revenue generating.
Financial Technology company Polaris Software Lab is aiming to generate revenue of USD 100 million in the next five years from their latest offering "FT-Grid" which was formally unveiled today.
Polaris Software Lab has signed agreement to buy 85.3% in US-based, IdenTrust, reports CNBC-TV18. It touched an intraday high of Rs 212.30 and an intraday low of Rs 205.40. At 13:04 hrs the share was quoting at Rs 209.75, up Rs 3.25, or 1.57%.