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Shares of Intellect Design Arena will remain in focus, as its ₹199-crore rights issue opens on Wednesday. The company is offering five shares for every 22 shares held by existing shareholders as of the record date July 17. The demerged firm from Polaris Financial Technology had fixed the issue price at ₹86. The stock on Tuesday closed at ₹116.95 on the BSE. The funds raised will be used for developing new products or upgrading existing products.
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