Intellect Design Arena Limited
Franklin Templeton Mutual Fund decreased its stake in Intellect Design Arena from 3.78% to 3.47%. The fund sold 4,26,602 shares, reducing its holding to 48,72,007 shares.
A global financial technology company providing software solutions and digital platforms for banking, insurance, and financial services institutions worldwide. Intellect Design develops comprehensive products spanning consumer banking, central banking, risk and treasury management, transaction banking, and insurance sectors. The company distinguishes itself through specialized software development and technology consulting services tailored to meet the complex needs of financial organizations across multiple geographies and business domains.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.