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Intellect Design bags multi-million $ deal from Emirates NBD

Intellect Design bags e-commerce project from government

Intellect Design Arena announced that it has been awarded an e-commerce project by the government of India.

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Intellect Design Arena announced that it has been awarded an e-commerce project by the government of India.

The government e-marketplace, under the auspices of Department of Commerce, Ministry of Commerce and Industry has awarded the most ambitious, comprehensive and innovative government e-marketplace (GeM) – online e-commerce portal to a consortium led by Intellect Design Arena, said the company in a BSE filing on Friday.

Intellect Design Arena was trading at Rs.113 per share, up by Rs.5.40 or 5.02% as at 1515 hours on Friday, on the BSE. The stock hit an intraday high and low of Rs.115 and Rs.106.90, respectively. It attracted a traded volume of 8,53,565 shares and traded value of Rs.961.37 lakh on the NSE.

Intellect Design Arena is a comprehensive provider of digital technology solutions for mission critical banking, financial services, insurance, retail, technologies for nation’s financial infrastructure.

Source: IIFL

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