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Polaris to allocate $100 mn for acquisitions

Last Updated: Mon, Nov 19, 2012 19:32 hrs
HCL Technologies plans capex of $230 million for FY12

Polaris Financial Technology is planning to allocate $100 million (Rs 549.25 crore) to acquire two to three product firms in four years, as part of its new plans to double its revenue.

Meanwhile, the company said it was looking at options to divest its shares in IdentTrust, owing to security reasons raised by the US.

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