IRIS jumps 5% after selling GST ASP business to UK-based firm
Shares of IRIS Business Services surged 5% to ₹350.80 on July 3 after the company announced the sale of its GST ASP business and full stake in subsidiary IRIS Logix to UK-based Sovos Compliance for ₹151.24 crore. The move aims to streamline operations and focus on global RegTech growth without diluting shareholder equity.