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Shares of Intellect Design Arena will be in focus, as its board meets on Thursday to consider the rights issue price, entitlement ratio, issue opening and closing dates and fractional entitlement ratio.
Its board had earlier approved raising ₹200 crore from existing shareholders through a rights issue. Intellect Design was de-merged from Polaris Financial Technology. The stock closed at ₹128.70 on the BSE, down 2.20 per cent from Wednesday’s closing.
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