Scandent Solutions was listed on the bourses on Wednesday at Rs 190 and rose to an intra-day high of Rs 228 in early trades. After trading in the Rs 200-210 range, the Scandent stock eventually ended at Rs 206.65. Over 25.85 lakh shares were traded on The Stock Exchange, Mumbai (BSE). On the National Stock Exchange (NSE), Scandent opened at Rs 185, rose to an intra-day high of Rs 223.80, dipped to a low of Rs 185, before closing at Rs 206.2.

The IT services business of SSI was combined with the IT business of the Scandent Group under the name Scandent Solutions Corporation (SSCL). As per the scheme of merger, shareholders of SSI were allotted one share of SSCL for every share held in the company.

SSCL focuses on three key verticals, banking, financial services and insurance (BFSI), manufacturing, and logistics. The BFSI segment contributes 43% of the company’s revenues. SSCL has a paid-up equity capital of Rs 28.73 crore. The face value per share is Rs 10.