Polaris Consulting zooms 20% on delisting plan; stock hits 16-year high

The surged 20% to Rs 291 after the company said its board will meet on October 31, 2017, to consider proposal of voluntary delisting of the equity shares

Polaris Consulting & Services was locked in upper circuit of 20% at Rs 291, hitting an over 16-year high, after  the company said its board will meet on October 31, 2017, to consider proposal of voluntary delisting of the equity shares. The stock of IT software products Company trading at its highest level since May, 2001.

“The board of directors of the company has been scheduled to meet on October 31, 2017, to consider proposal of voluntary delisting of the equity shares of the Company,” Polaris Consulting & Services said in a regulatory filing.

The board will also consider