The company had decided to demerge its product business into an independent entity and on Friday announced that the products company, Intellect Design Arena, will be listed in coming weeks.
Arun Jain, Chairman & CEO, Polaris Financial Technologies says the company will file a memorandum of understanding (MoU) for the listing of its products arm- Intellect Design- on October 24.
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Polaris Tech stock price
On October 13, 2014, at 11:12 hrs Polaris Financial Technology was quoting at Rs 196.50, down Rs 7.85, or 3.84 percent. The 52-week high of the share was Rs 278.00 and the 52-week low was Rs 122.40.
The company's trailing 12-month (TTM) EPS was at Rs 7.49 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 26.23. The latest book value of the company is Rs 117.79 per share. At current value, the price-to-book value of the company is 1.67.
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Will file for Intellect Design listing on Oct 24: Polaris
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