India's Intellect Design Arena jumps on multi-year deal with Nordic lender

Intellect Design Arena

17/09/2021 08:02

** Shares of Intellect Design Arena Ltd  INEE.NS  rise as
much 6.9% to 708 rupees, their biggest intraday pct gain since
July 30
    ** The software development co said late Thursday it signed
a large multi-year digital transformation deal with Nordic
lender Resurs Bank (https://bit.ly/3nKR3Nx)
    ** Intellect Design didn't disclose the value of the deal
    ** Indian software companies have seen increasing demand as
global businesses expand their digital offerings during the
COVID-19 pandemic
    ** About 528,169 shares change hands vs 30-day avg of
365,744
    ** INEE shares up 110.22% so far this year, as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))