IntraSoft Technologies had raised Rs. 28 crore by selling 5, 50,000 shares, at a rate of Rs 510 per share. The entire net proceeds from this transaction are proposed to be used for expansion and growth activities related to the E-Commerce business.
IntraSoft Technologies owns & operates 123 Stores, an Online E-Commerce Retailer & 123 Greetings.com, an online greeting cards Company. 123Stores is a multi-channel E-Commerce retailer with a strong technology backbone that combines supply chain logistics with real time customer data to create a compelling shopping experience.