IRIS Business Services moves up on inking pact with Vayana

Iris Business Services is currently trading at Rs. 79.90, up by 0.65 points or 0.82% from its previous closing of Rs. 79.25 on the BSE.

IRIS Business Services
IRIS Business Services

The scrip opened at Rs. 81.00 and has touched a high and low of Rs. 81.15 and Rs. 79.90 respectively. So far 624 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 136.75 on 08-Feb-2022 and a 52 week low of Rs. 66.55 on 22-Nov-2022.

Last one week high and low of the scrip stood at Rs. 85.90 and Rs. 78.05 respectively. The current market cap of the company is Rs. 156.53 crore.

The promoters holding in the company stood at 37.92%, while Non-Institutions held 62.08% stake in the company.

IRIS Business Services has partnered with Vayana, one of India’s largest Supply Chain Finance platforms to help MSMEs ease their GST compliance burden and meet other financial needs through a mobile APP.

The one-stop solution – IRIS Peridot Plus – will help small businesses manage their finances better, and will also help in meeting cash, commerce, compliance and credit requirements of all businesses, particularly small and medium enterprises.

The partnership aims to combine the strengths of both companies – IRIS’s compliance expertise and Vayana’s ability to offer affordable credit and cash management solutions, thus making IRIS Peridot Plus a reliable solution for businesses.

IRIS Business Services provides financial information, research, and training solutions to institutional, manufacturing, retail, and other industries in India and internationally.

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