Intellect Design at new high

about 4 months ago
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Intellect Design Arena is among the top gainers on the BSE currently, going up 20% to Rs.243.50, hitting a new record high.

The stock price jumped to this new high after the company in the afternoon that it has signed a multimillion dollar deal with a leading bank in Asia, which in turn will give it a foothold in Singapore, Malaysia, Indonesia, Thailand and China.

The company, a specialist in applying true Digital Technologies and a global leader in Financial Technology across Banking and Insurance, said that this deal is to implement world's first Integrated Trade Finance and Supply Chain Finance (SCF) Platform.

The company neither mentioned the name of the bank nor did it divulge what exactly "multimillion" dollar meant.

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