Intellect Design Arena Ltd.

BSE: 538835 | NSE: INTELLECT
Small Cap | IT - Software
914.15
0.00 (0.00%)
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Intellect Design Arena jumps after its iGTB wins significant deal with leading Islamic bank

Date: 26-08-2021

Intellect Design Arena is currently trading at Rs. 649.00, up by 10.70 points or 1.68% from its previous closing of Rs. 638.30 on the BSE.

The scrip opened at Rs. 638.00 and has touched a high and low of Rs. 669.05 and Rs. 633.25 respectively. So far 34787 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 892.00 on 26-Jul-2021 and a 52 week low of Rs. 177.75 on 27-Aug-2020.

Last one week high and low of the scrip stood at Rs. 669.05 and Rs. 578.70 respectively. The current market cap of the company is Rs. 8692.87 crore.

The promoters holding in the company stood at 31.05%, while Institutions and Non-Institutions held 29.67% and 39.28% respectively.

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena has won significant deal with a leading Islamic bank in APAC to completely digitize and streamline its cash and trade transaction banking technology offerings.

The deal is powered by iGTB’s Digital Transaction Banking platform that delivers a seamless digital experience to grow the bank’s corporate customer base. With this deal, there are now 55 global banking groups that are benefitting from this world-leading platform which handles 50% of the total corporate collections’ transactions across India, the Middle East & Africa.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.