December 6, 2006
The media had reports that Fujitsu Services may acquire a substantial stake in Polaris Software Lab Limited.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Polaris Software Lab Limited has vide its letter inter-alia stated, "The said news item published in the media is neither from our Company nor from any of our authorized representatives. We have not sent out any such communication either to press or the analysts. We therefore deny the said news. We further inform you that we would report any price sensitive information to the relevant authorities at the appropriate time."
Source: National Stock Exchange of India Limited
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