Intellect Design Arena zooms as its business unit inks pact with EMIL
Intellect Design Arena is currently trading at Rs. 756.00, up by 95.50 points or 14.46% from its previous closing of Rs. 660.50 on the BSE.
The scrip opened at Rs. 676.65 and has touched a high and low of Rs. 756.00 and Rs. 676.65 respectively. So far 58273 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1142.55 on 01-Jul-2024 and a 52 week low of Rs. 555.05 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 763.55 and Rs. 555.05 respectively. The current market cap of the company is Rs. 10227.82 crore.
The promoters holding in the company stood at 29.95%, while Institutions and Non-Institutions held 33.31% and 36.74% respectively.
Intellect Digital Technology for Commerce, the procurement and retail technology business unit of Intellect Design Arena, has entered into a strategic partnership with Essel Mining & Industries (EMIL), the cornerstone of India's mining sector, to redefine procurement operations with eMACH.ai CPX, the world’s most advanced open API-based Source-to-Pay platform.
Essel Mining & Industries (EMIL) Aditya Birla Group, with an annual turnover of Rs 2343 crore (FY24), is undergoing a significant digital transformation of its procurement process with eMACH.ai CPX. This evolution will see an expected annual procurement value of Rs 1200 crore managed through eMACH.ai CPX, connecting EMIL with a robust network of over 800 plus sellers. The platform will cater to a diverse range of procurement needs, encompassing key categories such as raw materials, equipment & machinery, consumables, services and general supplies.
The benefits of eMACH.ai CPX include access to a broader pool of vendors, potentially leading to more competitive pricing and better quality. The platform could eventually host hundreds or thousands of sellers across the various product and service categories relevant to EMIL's operations. Since 1950, EMIL has set industry benchmarks in mining and resource management. With eMACH.ai CPX, EMIL embarks on a revolutionary journey to elevate its procurement processes, reduce complexities, and drive unparalleled efficiency and transparency across its operations.
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.
