Sunday, August 14, 2005

EDS in Talks to buy CITIGROUP Stake in Polaris

One of the very recent news. EDS is in talk with CITIGROUP to buy there 43.2 % stake in POLARIS for a value of about 787 crore. This is second exit of CITIGROUP in continuation of the exit from I Flex which they did in the early last week.
More news on this will be known only in a few days time. If this materialies EDS will grow in India by an inorganic route and will stand neck to neck with IBM and Accenture which have very big presence in the Indian Market.
More on this later when news gets confirmed.

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