Chile order cheers i-flex solutions

DALAL STREET SPIKES

Reports of i-flex solutions bagging an order from Bank of Chile led to active buying in the scrip on the bourses. i-flex solutions hit a high of Rs 570 before closing at Rs 557.50.

More than 1.02 lakh shares were traded on the BSE. i-flex solutions announced that after a rigorous evaluation process that included four of the top banking providers in the world, Banco de Chile has selected i-flex's Flexcube product suite to replace its legacy retail core banking system, during early trades on Friday.

i-flex solutions also said that the size of the order is over $10 million and the duration of the implementation will be 18 to 24 months from now.