 "Intellect Design zooms 20% on multi-million dollar deal with an Asian bank")
Shares of Intellect Design Arena is locked in the upper circuit of 20% at Rs 244 per share, also their 52-week high on the BSE, after the IT company announced a multi-million dollar deal with a leading bank in Asia with a strong foothold in Singapore, Malaysia, Indonesia, Thailand and China.
“The company has signed a significant multi-million dollar deal with leading bank in Asia market with a strong foothold in Singapore, Malaysia, Indonesia, Thailand and China to implement world's first Integrated Trade Finance and Supply Chain Finance (SCF) Platform,” Intellect Design Arena said in a press release.
This partnership will help the bank to deliver on their commitment of building lasting relationship with their customers through products and exceptional digital customer experience, it added.
Intellect Design Arena is a specialist in applying true digital technologies and a global leader in financial technology across banking and insurance.
The trading volumes on the counter jumped more than nine-fold with a combined 4.34 million equity shares changed hands on the NSE and BSE till 02:31 pm. There were pending buy orders for 168,848 shares on both the exchanges.
“The company has signed a significant multi-million dollar deal with leading bank in Asia market with a strong foothold in Singapore, Malaysia, Indonesia, Thailand and China to implement world's first Integrated Trade Finance and Supply Chain Finance (SCF) Platform,” Intellect Design Arena said in a press release.
This partnership will help the bank to deliver on their commitment of building lasting relationship with their customers through products and exceptional digital customer experience, it added.
Intellect Design Arena is a specialist in applying true digital technologies and a global leader in financial technology across banking and insurance.
The trading volumes on the counter jumped more than nine-fold with a combined 4.34 million equity shares changed hands on the NSE and BSE till 02:31 pm. There were pending buy orders for 168,848 shares on both the exchanges.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%