Intellect Design Arena Ltd.

Polaris Banyan Holding has acquired one lakh equity shares of Intellect Design Arena through open market purchase on June 11, 2018. The amount invested for acquiring the stakes was around Rs 20 crore.

Earlier, Polaris Banyan had 31761000 equity shares or 25.25% in the company which has been increased to 31861000 equity shares or 25.33%.

Intellect Design Arena a specialist in applying true digital technologies, is the world's first full spectrum banking and insurance technology products company, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk and Treasury Management (iRTM) and Insurance (Intellect SEEC).