L&T InfoTech eyes Polaris FTs services business in $400 mn deal - TopicsExpress

L&T InfoTech eyes Polaris FTs services business in $400 mn deal As per media reports, Polaris FT is gearing up to sell its services business unit and L&T InfoTech is believed to be leading the race to acquire this business estimated to be valued at about USD 400 million. Polaris Financial Technologies provides solutions for core banking, corporate banking, wealth & asset management and insurance, while, L&T InfoTech, provides IT services and solutions. Others who had been in talks with Polaris FT for this deal includes Tech Mahindra and NEC, but L&T InfoTech emerging as the frontrunner as per the report.

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