Intellect Design Arena Ltd.

BSE: 538835 | NSE: INTELLECT
Small Cap | IT - Software
959.35
10.30 (1.09%)
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Intellect Design Arena gains as its iGTB inks transformative deal with Qatar-headquartered bank

Date: 23-03-2022

Intellect Design Arena is currently trading at Rs. 824.95, up by 6.55 points or 0.80% from its previous closing of Rs. 818.40 on the BSE.

The scrip opened at Rs. 827.75 and has touched a high and low of Rs. 841.90 and Rs. 817.65 respectively. So far 25242 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. 578.70 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 844.40 and Rs. 758.00 respectively. The current market cap of the company is Rs. 11211.01 crore.

The promoters holding in the company stood at 30.91%, while Institutions and Non-Institutions held 28.07% and 41.02% respectively.

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena, has inked a major transformative deal with a leading Qatar-headquartered bank. This marks Intellect’s eighth major digital transformation deal in the Qatar region.

iGTB Virtual Accounts 2022 will allow the bank to acquire sophisticated Collections-On-Behalf-Of (COBO) leveraging virtual accounts and overcome legacy core banking challenges by virtualizing the accounts, thereby enhancing their customers’ experience.

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.