Company Profile

Intellect Design Arena has informed that it enclosed a copy of the proposed Media Release dated 3rd May titled ‘Elevating eMACH.ai Powered Transaction Banking Excellence: Intellect Appoints Rajesh Mehta to Intellect’s Growth Advisory Board’.

The above information is a part of company’s filings submitted to BSE.

Intellect Design Arena’s transaction banking arm -- Intellect Global Transaction Banking (iGTB) has won an extended mandate with National Bank of Kuwait (NBK), a top 10 ranking bank in GCC, to accomplish a full digital transformation by modernising existing channels and providing new digital capabilities in transaction banking.

With iGTB’s Digital Transaction Banking, NBK is modernising and enhancing its online corporate banking platform by offering streamlined, secure, and user-friendly digital solutions to gain & retain corporate customers and SMEs. By focusing on next-generation digital banking, NBK can offer its customers the best omnichannel and mobile banking experience across various industries like oil and gas, construction, power and water and transport.

This transformation is a significant leap forward for the bank in terms of scalability and volumes of transactions. It is a key catalyst in accelerating the NBK’s growth ambitions in Kuwait and the Middle East.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

Intellect Design Arena is currently trading at Rs. 1045.15, up by 24.95 points or 2.45% from its previous closing of Rs. 1020.20 on the BSE.

The scrip opened at Rs. 1020.00 and has touched a high and low of Rs. 1054.40 and Rs. 1014.05 respectively. So far 13435 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1198.80 on 15-Mar-2024 and a 52 week low of Rs. 413.00 on 17-Apr-2023.

Last one week high and low of the scrip stood at Rs. 1054.40 and Rs. 961.55 respectively. The current market cap of the company is Rs. 14369.26 crore.

The promoters holding in the company stood at 30.38%, while Institutions and Non-Institutions held 28.94% and 40.68% respectively.

Intellect Design Arena’s transaction banking arm -- Intellect Global Transaction Banking (iGTB) has won an extended mandate with National Bank of Kuwait (NBK), a top 10 ranking bank in GCC, to accomplish a full digital transformation by modernising existing channels and providing new digital capabilities in transaction banking.

With iGTB’s Digital Transaction Banking, NBK is modernising and enhancing its online corporate banking platform by offering streamlined, secure, and user-friendly digital solutions to gain & retain corporate customers and SMEs. By focusing on next-generation digital banking, NBK can offer its customers the best omnichannel and mobile banking experience across various industries like oil and gas, construction, power and water and transport.

This transformation is a significant leap forward for the bank in terms of scalability and volumes of transactions. It is a key catalyst in accelerating the NBK’s growth ambitions in Kuwait and the Middle East.

Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.

Intellect Design Arena has informed regarding Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended March 31, 2024.

The above information is a part of company’s filings submitted to BSE.