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POLARIS FINANCIAL TECHNOLOGY LTD. - Update on Scheme of Arrangement
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24 Sep 2014
Polaris Financial Technology Ltd has informed BSE that the Honourable High Court of Madras, in its hearing on September 15, 2014, has sanctioned the Scheme of Arrangement (&quot;Demerger&quot;) between Polaris Financial Technology Limited and Intellect Design Arena Limited and their respective shareholders and creditors for the demerger of Products Business Undertaking of the Company into a separate entity, Intellect Design Arena Limited.&lt;br/&gt;&lt;br/&gt;The Company have received the High Court Order on September 24, 2014.
View all announcements for POLARIS FINANCIAL TECHNOLOGY LTD. Source: BSE India