Iris Business Services is currently trading at its upper circuit limit of Rs 350.80, up by 16.70 points or 5.00% from its previous closing of Rs 334.10 on the BSE.

The scrip opened at Rs 350.80 and has touched a high and low of Rs 350.80 and Rs 350.80 respectively. So far 100 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 573.65 on 14-Jan-2025 and a 52-week low of Rs 219.00 on 03-Jul-2024.

Last one week high and low of the scrip stood at Rs 350.80 and Rs 275.15 respectively. The current market cap of the company is Rs 720.48 crore.

The promoters holding in the company stood at 34.68%, while Institutions and Non-Institutions held 6.71% and 58.61% respectively.

IRIS Business Services has entered into a definitive agreement to divest its Tax Technology (GST) ASP business to Sovos, a global leader in tax compliance, headquartered in the US. The transaction will enable a seamless transfer of the tax technology (GST) ASP products, customers and employees associated with these businesses. Total transaction value of the divestment is Rs 151.24 crore. 

Post deal close, all employees of the business unit are expected to transition to Sovos, ensuring continuity for both employees and customers. The transaction is expected to close in August 2025, subject to the shareholder approval and satisfaction of the customary closing conditions.

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