Info-Drive Software inches higher on inking MoU with IIE

10 Sep 2012

Info-Drive Software is currently trading at Rs 10.00, up by 0.30 points or 3.09% from its previous closing of Rs 9.70 on the BSE.

The scrip opened at Rs 10.45 and has touched a high and low of Rs 10.45 and Rs 9.60 respectively.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 23.40 on 13-Apr-2012 and a 52 week low of Rs 5.18 on 03-Jan-2012.

Last one week high and low of the scrip stood at Rs 10.45 and Rs 7.85 respectively. The current market cap of the company is Rs 43.29 crore.

The promoters holding in the company stood at 11.07% while Institutions and Non-Institutions held 29.30% and 59.63% respectively.

Info-Drive Software (Info-Drive) has inked a memorandum of understanding (MOU) with IIE Technologies (IIE) whereby as per MOU, the company would promote, resell and engage in services for IIE’s Employees’ Credit Society end-to-end automation software product - ‘TechNet Society

‘TechNet Society’ is a complete core (Centralized Online Real-time Environment) software product for credit industry. This technology is recently introduced to Employees Credit Societies in India and has attained tremendous success on being adapted by India’s second largest Credit Society. Currently several societies in India are in the process of evaluating the product.

Info-Drive Software, is a multi-dimensional Technology and Business Services Company offering - Specialized expertise in Applications Deployment and Banking Solutions, Remote Infrastructure Management, Biometric Solutions at enterprise level and Back-office transaction processing in Healthcare and Benefit Administration domains.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323