Dion Global spurts as as Hargreave Hale goes live with its Corporate Action solution

08 Oct 2013

Dion Global Solutions is currently trading at Rs 23.80, up by 1.10 points or 4.85% from its previous closing of Rs. 22.70 on the BSE.

The scrip opened at Rs 23.80 and has touched a high and low of Rs 23.80 and Rs 23.80 respectively. So far 151 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 48.40 on 22-Jul-2013 and a 52 week low of Rs 16.70 on 22-Aug-2013.

Last one week high and low of the scrip stood at Rs 22.70 and Rs 19.70 respectively. The current market cap of the company is Rs 76.70 crore.

The promoters holding in the company stood at 59.46% while Institutions and Non-Institutions held 4.59% and 35.95% respectively.

Dion Global Solutions, technology partner to the financial services industry, has reported that Hargreave Hale has gone live with its Corporate Action Workflow solution. The solution automates the identification, management and notification of corporate actions, ensuring that the firm and its clients are able to act upon key events, such as takeover deals and allocation of further shares, in a timely and appropriate manner.

The deployment comes amid continued attention from regulators around all aspects of operational risk. This includes the latest rules from the Financial Conduct Authority (FCA), which deems the failure to notify clients about corporate actions as unfair under the Treating Customers Fairly (TCF) initiative.

Dion's solution allows firms to easily identify the clients that are affected by corporate actions and act accordingly. This improves efficiency while mitigating the risks associated with failing to act upon the corporate events that affect clients of wealth managers and stockbrokers. The hosted platform seamlessly integrates with any front and the back office, increasing visibility of client holdings and removing all manual processes, including reporting and updates to books and records.

Related Dion Global Solutions Ltd. Links:

Dion Global Solution Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323