Intellect Design Arena’s subsidiary — SFL Properties has been divested to a third party for a sale consideration of Rs 20.50 crore at arm length basis.
Intellect Design Arena is a digital technology product solutions provider to the Banking and Insurance industry, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury & Markets (iRTM) and Insurance (Intellect SEEC).