1	Headline: Polaris and Virtusa enter into a definitive Share Purchase Agreement to create a compelling platform for digital transformation services Virtusa-Polaris combine will pursue larger consulting opportunities The board of directors of the Company on November 05, 2015 approved the execution of a share purchase agreement ("SPA") with Virtusa Corporation ("Virtusa") whereby a subsidiary of Virtusa will acquire approximately 53% of the paid up share capital of Polaris from certain promoter entities led by Arun Jain and certain other shareholders, including Orbitech Private Ltd (formerly known as Orbitech Limited). Publisher:The Hindu Business line Location: Chennai/Ahmedabad / Delhi / Mumbai / Bangalore / Kochi / Hyderabad / Pune Publication Date: November 5
2	Headline: Virtusa to buy 53% stake in Polaris for Rs 1,173 crore Early Diwali for Polaris investors Q&A : With Polaris, Virtusa can pursue larger, deeper engagements Nasdaq-listed IT services company Virtusa has entered into a definitive agreement to acquire 51.7% stake in Chennai-based Polaris Consulting & Services for approximately $270 million and an unconditional mandatory open offer to purchase up to 26% of the outstanding shares of Polaris from the public shareholders of Polaris. Publisher: The Times of India Location: Delhi/Bangalore/Chennai/Pune/Ahmedabad/Kolkata/Hyderabad/Mumbai Publication Date: November 5
3	Headline: Virtusa to buy Polaris The U.S.-based Nasdaq-listed IT outsourcing firm Virtusa has agreed to buy majority stake in Chennai-based Polaris Consulting and Services for a total value of about $180 million (Rs.1,173 crore). Publisher: The Hindu Publication Date: November 5
4	Headline: Virtusa says will acquire Polaris for Rs 1,760 crore Virtusa rules out delisting of Polaris, retrenchment Polaris Consulting and Services, a Chennai-based digital transformation and financial technology company, on Thursday announced that it has entered into a definitive share purchase agreement (SPA) with Nasdaq-listed Virtusa Corporation valued at $270 million (Rs 1,760 crore). Publisher: The Deccan Herald Location: Bangalore/Delhi Publication Date: November 6
5	Headline: Virtusa takes controlling stake in Polaris Virtusa to buy 53% stake in Polaris Consulting for Rs 1,173 cr Nasdaq-listed IT services company Virtusa has acquired a majority stake in Chennai-based Polaris Consulting and Services for a total consideration of $270 million (about Rs 1,755 crore) which includes the value of the mandatory open offer. Publisher: The Financial Express Location: Chennai/ Delhi / Ahmedabad / Mumbai / Kolkata / Bangalore / Hyderabad / Pune Publication Date: November 6
6	Headline: Five key things about what the Polaris acquisition means for Virtusa Virtusa to buy 53% stake in Polaris for Rs 1,173 cr Virtusa to list Polaris on Indian bourses Polaris buy will strengthen Virtusa: Kris Canekerante On Thursday, Polaris Consulting and Services Ltd has entered into a definitive Share Purchase Agreement (SPA) with Virtusa Corporation (Virtusa), whereby a subsidiary of Virtusa will acquire around 53% of the paid-up share capital of Polaris from certain promoter entities led by Arun Jain and certain other shareholders, including OrbiTech Private Ltd.(formerly known as Orbitech Limited). Virtusa will purchase the shares at a price of around Rs 220.73 per share, aggregating to approximately Rs 1,173 crore. Publisher: The Business Standard Location: Mumbai / Ahmedabad / Delhi / Kolkata / Bangalore / Kochi / Hyderabad / Chennai Publication Date: November 6
7	Headline: Virtusa to acquire Polaris for Rs 1,173 crore Putting speculation to rest, Polaris Consulting and Services announced on Thursday that US-based Virtusa Corporation has entered into a definitive share purchase agreement with it for its acquisition. Publisher: The Financial Chronicle Location: Delhi / Mumbai / Bangalore / Hyderabad/Chennai Publication Date: November 5
8	Headline: US-based Virtusa to buy 53% stake in Polaris Consulting for Rs 1,173 crore US-based technology outsourcing company Virtusa Corp will buy a 53% stake in mid-tier Indian IT firm Polaris Consulting & Services for Rs 1,173 crore. The deal is expected to help Virtusa expand its presence in the banking and financial services space. Publisher: The Economic Times Location: Chennai/Mumbai/Delhi/Pune/Hyderabad/Ahmedabad/Kolkata/Bangalore Publication Date: November 6
9	Headline: In Polaris sale, some national pride gets eroded Kris Canekerante, chairman and CEO, the article explores how both iflex and Polaris have common roots in a strong equity and business relationship with Citigroup, and both have built products and solutions when India’s software industry was largely focused on services. Publisher: The Hindustan Times Location: Delhi/Mumbai/Kolkata Publication Date: November 9
10	Headline: Virtusa to buy 53% in Polaris for Rs1,173 crore Laggard Polaris cuts a good deal for shareholders US-based Virtusa Corp. will buy a 53% stake in Polaris Consulting and Services Ltd, a digital transformation and financial technology company, for Rs.1,173 crore. Publisher: Mint Location: Delhi / Mumbai / Bangalore / Hyderabad /Pune/Chennai/Kolkata/Ahmedabad Publication Date: November 5
11	Headline: Virtusa to buy majority stake in Polaris for 1173 Cr The US-based Virtusa on Thursday agreed to buy 51.7% stake in Polaris Consulting and Services for about 71,173 crore. The agreement between the two companies stipulate that the transaction Is set to close during Virtusa’s fourth fiscal quarter ending March 31,2016. Publisher: The New Indian Express Location: Bangalore/Hyderabad/Delhi Publication Date: November 6
12	Headline: US company to acquire 51.7% stake in Polaris for f 1173 cr According to the agreement, a subsidiary of Virtusa will acquire about 51.7 per cent of the paid up share capital from certain promoter entities, led by Arun Jain, and certain other shareholders, including OrbiTech (formerly known as Orbitech Limited) at a price of about Rs 220.73 per share, it said. The total acquisition cost, including open offer, will be $ 270 million (around Rs 1,775 crore). Publisher: The Indian Express Location: Kolkata/Pune/Mumbai Publication Date: November 6
13	Headline: US firm to buy 53 % in Polaris Consulting US-based Virtusa today agreed to buy 53 per cent stake in Chennai-based Polaris Consulting and Services for about Rs 1,173 crore.The combination will equip Virtusa to provide end-to-end global banking and financial services and solutions and pursue larger consulting and outsourcing opportunities. Publisher: The Statesman Location: Delhi/ Kolkata Publication Date: November 6
14	Headline: Virtusa set to acquire polaris US-based Virtusa agreed to acquire 53 per cent stake in Chennai-based Polaris Consulting and Services for about 1,173 crore. Virtusa will acquire the shares from some promoter entities, led by Jain, and certain other shareholders, including OrbiTech. Publisher: The Deccan Chronicle Location: Chennai/Hyderabad/Bangalore Publication Date: November 6
15	Headline: Virtusa set to acquire Polaris US-based Virtusa agreed to acquire 53 per cent stake in Chennai-based Polaris Consulting and Services for about 1,173 crore. Publisher: Asian Age Location: Delhi/Kolkata Publication Date: November 6
16	Headline: Virtusa to buy 53% stake in Polaris for 1173 cr . Virtusa agreed on Thursday to buy 53-per cent stake in Indian IT company Polaris Consulting and Services for about ?1,173 crore, a move that will help the US-based firm garner a bigger chunk of the global banking and finance (BFS) industry. Publisher: Mail Today Location: Delhi Publication Date: November 6
17	Headline: US Virtusa to buy 53% stake in Polaris Consulting for 1,173 cr US-based Virtusa on Thursday agreed to buy majority 53 per cent stake in Chennai-based Polaris Consulting and Services for about Rs 1,173 crore. The combination will equip Virtusa to provide end-to-end global banking and financial services and solutions and pursue larger consulting and outsourcing opportunities. Publisher: The Millennium Post Location: Delhi Publication Date: November 6
18	Headline: Virtusa to buy 53% stake in Polaris Consulting for 1,173 crore US-based Virtusa on Thursday announced to buy majority 53 per cent stake in Chennai-based Polaris Consulting and Services for about 1,173 crore. Publisher: The Pioneer Location: Mumbai Publication Date: November 6
19	Headline: Virtusa to buy majority stake in Polaris for 1.173 crore US-based Virtusa Corporation has decided to buy around 53% stake in Polaris Consulting and Services Ltd for Rs 1,173 crore, the Indian company said. Virtusa will make an unconditional mandatory offer to the public shareholders of Polaris to purchase up to an additional 26% of its outstanding shares Publisher: The Tribune Location: Delhi Publication Date: November 6
20	Headline: US-based Virtusa to buy 53% stake in Polaris for Rs 1,173 crore Virtusa on Friday agreed to buy 53% stake in Indian IT company Polaris Consulting and Services for about Rs 1,173 crore, a move that will help the US-based firm garner a bigger chunk of the global banking and finance (BFS) industry. Publisher: DNA Publication Date: November 6
21	Headline: Polaris gets US owner US-based Virtusa Corporation will acquire a majority stake in Chennai-based Polaris Consulting & Services for Rs 1,172.80 crore. Publisher: The Telegraph Location: Kolkata Publication Date: November 6
22	Headline: Virtusa to Buy 53% Stake in Polaris Consulting for Rs 1,173 Crore US-based Virtusa on Thursday agreed to buy majority 53 per cent stake in Chennai-based Polaris Consulting and Services for about Rs 1,173 crore. Publisher: NDTV profit Publication Date: November 5
23	Headline: Virtusa to Buy 53% Stake in Polaris Consulting for Rs 1,173 Crore US-based Virtusa on Thursday agreed to buy majority 53 per cent stake in Chennai-based Polaris Consulting and Services for about Rs 1,173 crore. Publisher: Business Today Publication Date: November 5
24	Headline: Virtusa acquires majority stakes in Polaris Polaris Consulting and Services Ltd has entered into a definitive Share Purchase Agreement (SPA) with Virtusa Corporation whereby a subsidiary of Virtusa will acquire approximately 53% of the paid up share capital of Polaris from certain promoter entities led by Arun Jain and certain other shareholders, including OrbiTech Private Ltd (formerly known as Orbitech Limited). Publisher: Express Computer Publication Date: November 6
25	Headline: Polaris, Virtusa Enter Into Definitive Share Purchase Agreement Polaris Consulting and Services Ltd, an innovator in digital transformation and financial technology, has entered into a definitive Share Purchase Agreement (SPA) with Virtusa Corporation (“Virtusa”) whereby a subsidiary of Virtusa will acquire approximately 53% of the paid up share capital of Polaris from certain promoter entities led by Arun Jain and certain other shareholders, including OrbiTech Private Ltd (formerly known as Orbitech Limited). Publisher: CXO Today Publication Date: November 5
26	Headline: Virtusa acquires majority stake in Polaris Consulting & Services US based Virtusa Corporation, the Tier 2 global consulting firm has acquired majority stake in Polaris Consulting & Services , the Chennai based BFSI services major for $270 million. The transaction consideration includes both the 51.7% majority interest and an unconditional mandatory open offer to purchase up to 26% of the outstanding shares of Polaris from the public shareholders of Polaris. Publisher: Dataquest Publication Date: November 5
27	Headline: Virtusa to buy 53% stake in Polaris Consulting for Rs 1,173 cr US-based Virtusa today agreed to buy majority 53 per cent stake in Chennai-based Polaris Consulting and Services for about Rs 1,173 crore.The combination will equip Virtusa to provide end-to-end global banking and financial services and solutions and pursue larger consulting and outsourcing opportunities. Publisher: India Today Location: Name Publication Date: November 5
28	Headline: US Virtusa to buy 53% stake in Polaris Consulting for Rs 1,173 cr Virtusa agreed to buy 53 % stake in Indian IT company Polaris Consulting and Services for about Rs 1,173 crore, a move that will help the US-based firm garner a bigger chunk of the global banking and finance (BFS) industry. Virtusa would spend another Rs 587.7 crore to acquire an additional 26 % stake in the BSE-listed firm, in compliance with SEBI's open offer norms. Publisher: Free Press Journal Location: Delhi Publication Date: November 6
29	Headline: Virtusa to buy 53% stake in Polaris Consulting According to the agreement, a subsidiary of Virtusa will acquire about 53 per cent of the paid up share capital from certain promoter entities, led by Arun Jain, and certain other shareholders, including OrbiTech (formerly known as Orbitech Limited), Virtusa said in a statement. Virtusa will purchase shares at a price of about Rs 220.73 apiece, aggregating to about Rs 1.173 crore Publisher: Hans India Location: Delhi Publication Date: November 6
30	Headline: US-based Virtusa to buy 53% stake in Chennai-based Polaris Consulting for Rs 1,173 crore US-based Virtusa today agreed to buy majority 53 per cent stake in Chennai-based Polaris Consulting and Services for about Rs 1,173 crore. Publisher: ET CIO Publication Date: November 6
31	Headline: US-based Virtusa to buy 53% stake in Chennai-based Polaris Consulting for Rs 1,173 crore US-based Virtusa today agreed to buy majority 53 per cent stake in Chennai-based Polaris Consulting and Services for about Rs 1,173 crore. Publisher: Business Insider Publication Date: November 6
32	Headline: Virtusa to buy 53% in Polaris for Rs 1173cr Virtusa deal a win-win for staff, customers: Polaris's Jain US-based Virtusa has entered into an agreement with midcap IT firm Polaris to buy 53 percent stake in it for a price of Rs 220.73 per share, in a deal worth Rs 1,173 crore. Publisher: Money Control.com Publication Date: November 6
33	Headline: Polaris and Virtusa enter into definitive SPA for 53% stake sale US-based Virtusa today agreed to buy majority 53 per cent stake in Chennai-based Polaris Consulting and Services for about Rs 1,173 crore.The combination will equip Virtusa to provide end-to-end global banking and financial services and solutions and pursue larger consulting and outsourcing opportunities. Publisher: India Infoline Publication Date: November 5
34	Headline: Virtusa to buy 53% stake in Polaris Consulting US-based Virtusa today agreed to buy majority 53 per cent stake in Chennai-based Polaris Consulting and Services for about Rs 1,173 crore. The combination will equip Virtusa to provide end-to-end global banking and financial services and solutions and pursue larger consulting and outsourcing opportunities. Publisher: PTI Publication Date: November 5
35	Headline: Virtusa to buy 53% in Polaris for Rs 1173cr US-based Virtusa has entered into an agreement with midcap IT firm Polaris to buy 53 percent stake in it for a price of Rs 220.73 per share, in a deal worth Rs 1,173 crore. Publisher: Newprelease Publication Date: November 5
36	Headline: Virtusa to buy majority stake in Polaris Consulting for $270 mn US based IT services provider Virtusa Corporation has decided to buy majority stake in Indian software services company Polaris Consulting and Services for $270 million. Publisher: Infotech lead Publication Date: November 5
37	Headline: Virtusa To Acquire 53% Of Polaris For Rs 1173 Cr US based technology firm Virtusa is all set to acquire 53% stake in Chennai based software firm Polaris for Rs 1137 crore. Both the companies have signed a definitive agreement in this regard. Publisher: Tele Analysis Publication Date: November 5
38	Headline: Virtusa to buy majority stake in Polaris for Rs.1,173 crore US based Virtusa Corporation has decided to buy around 53 percent of shares of city based software services company Polaris Consulting and Services Ltd for Rs.1,173 crore, the Indian company said. Publisher: News Kerala Publication Date: November 5
39	Headline: Virtusa to buy majority stake in Polaris for Rs.1,173 crore US based Virtusa Corporation has decided to buy around 53 percent of shares of city based software services company Polaris Consulting and Services Ltd for Rs.1,173 crore, the Indian company said. Publisher: Newswala Publication Date: November 5
40	Headline: US-based Virtusa to buy 53% stake in Polaris Consulting for Rs 1,173 crore US-based Virtusa today agreed to buy majority 53 per cent stake in Chennai-based Polaris Consulting and Services for about Rs 1,173 crore. Publisher: ET Telecom Publication Date: November 5
41	Headline: Virtusa Announces Definitive Agreement to Acquire a Majority Interest in Polaris Consulting & Services, Ltd. Virtusa, a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that it has entered into a definitive agreement to acquire a majority interest in Polaris Consulting & Services, Ltd. Publisher: Tech briefing Publication Date: November 5
42	Headline: Virtusa acquires 53% stake in Polaris for Rs 11.72 bn Virtusa, an information technology company has acquired 53% stake in Polaris Consulting & Services, an innovator in digital transformation and financial technology for Rs 11.72 billion Publisher: Myris.com Publication Date: November 6
43	Headline: Virtusa to list Polaris on Indian bourses The US based software services and consultancy provider Virtusa Corporation will have Polaris Consulting and Services Ltd. as a listed entity on Indian bourses and look at merger options later if the situation warrants, said officials of Virtusa. Publisher: ET Markets Publication Date: November 6
44	Headline: Virtusa to buy 53% stake in Polaris Consulting for Rs 1,173 crore US-based Virtusa today agreed to buy majority 53 per cent stake in Chennai-based Polaris Consulting and Services for about Rs 1,173 crore. Publisher: Zee news Publication Date: November 6
45	Headline: Virtusa Announces Definitive Agreement to Acquirea Majority Interest in Polaris Consulting &Services,Ltd. Virtusa Corporation(NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that it has entered into a definitive agreement to acquire a majority interest in Polaris Consulting & Services, Ltd. Publisher: Chennai city news Publication Date: November 6
46	Headline: Arun Jain family to gain most from Polaris sale to Virtusa Polaris Consulting & Services founder Arun Jain and his family members will gain the most from the stake sale in the company to Virtusa for Rs 1,173 crore. Publisher: International Business Times Publication Date: November 6
47	Headline: Virtusa rules out delisting of Polaris, retrenchment (Lead) The US-based software services and consultancy provider Virtusa Corporation will have Polaris Consulting and Services Ltd. as a listed entity on Indian bourses and look at merger options later if the situation warrants, said an official of the company. Publisher: WEB 123MM Publication Date: November 6
48	Headline: Telugu Headline(Polaris in Virtusa hands) US-based IT firm Virtusa Corp will acquire a 53% stake in mid-tier software services provider Polaris Consulting and Services for Rs 1,173 crore, the two companies said on Thursday. As per the definitive share purchase agreement, a subsidiary of Virtusa will acquire the stake from certain promoter entities led by Polaris chairman Arun Jain and certain other shareholders, including Orbitech Private Ltd, for about Rs 220.73 per share. Publisher: Saakshi Publication Date: November 6
49	Headline: Virtusa to buy Polaris 53% stake in Polaris fro Rs 1,173 Virtusa agreed to buy 53 per cent stake in Indian IT company Polaris Consulting and services for about Rs 1,173 crore, a move that will help the US based firm garner a bigger chunk of the global banking and finance industry. Publisher: The Trinity Mirror Publication Date: November 7