Profit

IBM, Wipro in fray for Polaris stake

PUBLISHED ON: November 20, 2008 | Duration: 2 min, 39 sec

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With the market abuzz with the possibility of Citigroup's plans to sell the 43 per cent stake in the Polaris Software, it seems like othe IT majors are getting ready for buying stake in the Chennai-based financial software firm. NDTV has learnt from sources that IBM could be a clear frontrunner along with Wipro. The negotiations could be at Rs 60 per share which is double the current market price.
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