Polaris defers decision on share buyback
Software services firm Polaris Software Lab Ltd on Wednesday deferred a decision on a proposed share buyback programme and instead decided to focus on real estate investments, a top official said.
We have a lot of under-leveraged assets and we have to decide how we can best leverage those assets to maximise shareholder value, Chairman and CEO Arun Jain told an analysts conference call.
The company has more than 20 acres of land under its possession located in the cities of Chennai and Gurgaon.
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