Intellect Design Arena Ltd.

BSE: 538835 | NSE: INTELLECT
Small Cap | IT - Software
922.30
8.15 (0.89%)
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Intellect Design Arena soars on divesting its arm for Rs 20.50 crore

Date: 14-06-2019

Intellect Design Arena is currently trading at Rs. 272.00, up by 6.95 points or 2.62% from its previous closing of Rs. 265.05 on the BSE.

The scrip opened at Rs. 265.80 and has touched a high and low of Rs. 277.50 and Rs. 265.80 respectively. So far 34114 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 283.20 on 14-Sep-2018 and a 52 week low of Rs. 151.10 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 277.50 and Rs. 263.10 respectively. The current market cap of the company is Rs. 3583.80 crore.

The promoters holding in the company stood at 31.51%, while Institutions and Non-Institutions held 22.82% and 45.67% respectively.

Intellect Design Arena’s subsidiary -- SFL Properties has been divested to a third party for a sale consideration of Rs 20.50 crore at arm length basis.

Intellect Design Arena is a digital technology product solutions provider to the Banking and Insurance industry, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury & Markets (iRTM) and Insurance (Intellect SEEC).