Intellect Design Arena Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Intellect Design Arena has allotted 1,64,744 equity shares under ESOP on 18 November 2024. With this allotment, the paid up equity share capital has increased to Rs. 692,089,220/- divided into 138,417,844 equity shares of Rs. 5/- each.

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Net profit of Intellect Design Arena declined 25.03% to Rs 52.81 crore in the quarter ended September 2024 as against Rs 70.44 crore during the previous quarter ended September 2023. Sales declined 9.84% to Rs 558.13 crore in the quarter ended September 2024 as against Rs 619.05 crore during the previous quarter ended September 2023.

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Intellect Global Transaction Banking (iGTB), the transaction banking business unit from Intellect Design Arena is proud to announce its partnership with National Bank of Fujairah (NBF), an award-winning UAE-based full-service corporate bank, to enhance its digital capabilities. This deal marks the first Microsoft Azure-managed service for Intellectfs eMACH.ai Cloud for Wholesale Banking in the Middle East.

NBF currently serves corporates and SMEs through its network in the UAE, providing financial services to optimise commercial opportunities and achieve sustainable growth for their clients. With the eMACH.ai Digital Transaction Banking solution, NBF can offer their clients a suite of comprehensive solutions backed by:

œ Innovative decision-making and enhanced digital capabilities: For improved information visibility and innovation, ensuring quick decision-making and a seamless user experience for corporate and SME clients.

œ Cloud-powered excellence: iGTB, with Microsoft Azure, will provide a fully managed cloud service, freeing NBF to focus on business development and client

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Intellect Design Arena will hold a meeting of the Board of Directors of the Company on 25 October 2024.

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