Shares of Aurionpro Options Ltd skyrocketed 15%, hitting an intraday excessive of Rs 1,582 on Friday, 11 April, after the corporate introduced buying Fintra Software program.
The corporate agreed to amass a 100% stake in Fintra Software program Non-public to strengthen its next-generation commerce finance options for world banks. The corporate has acquired all mental property rights and associated property from Fintra, aiming to strengthen its place within the Transaction Banking sector.
By integrating Fintra’s options, Aurionpro plans to supply a whole end-to-end platform for money and commerce administration, additional increasing its product suite and reinforcing its presence within the transaction banking house.
Aurionpro Options is a know-how agency that develops software program platforms tailor-made for Wholesale Banking, notably in areas like Commerce Finance, Provide Chain Finance, Escrow providers, and Factoring options.
Ashish Rai, World CEO of Aurionpro, commented, “This acquisition marks an vital step for Aurionpro as we double down on our strategic focus to create the way forward for Commerce Finance know-how and considerably broaden our useful protection in Transaction Banking. We stay dedicated to staying forward of the market in assembly the dynamic calls for of our purchasers, guaranteeing their company purchasers obtain best-in-class providers.”
In its quarterly earnings for October-December, the corporate reported a 5.04% year-on-year (YoY) enhance in web revenue to Rs 47.34 crore in comparison with Rs 45.07 crore reported in the identical quarter final 12 months.
At 3:30 pm, the shares of Aurionpro Options closed 13.31% larger at Rs 1,552 on NSE.
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