Deals31 March 2026 at 02:31 pm
Newgen Software Technologies Ltd Secures Rs. 15.64 Cr Order in Malaysia
AI Summary
Newgen Software Technologies Limited has received and accepted a letter of award for a Software license, implementation, cloud hosting and support - Retail Loan Origination Solution from a leading Bank in Malaysia. The total value of the order is RM 6,750,000 (Ringgit Malaysia Six Million Seven Hundred Fifty Thousand Only), which is equivalent to Rs. 15,64,71,750 (Fifteen Crore Sixty four Lakh Seventy One Thousand Seven Hundred and Fifty Indian Rupees). The order will be executed over a period of 5 years. The company confirmed that this transaction does not fall within the definition of a related party transaction as specified under the provisions of the Companies Act, 2013.
Key Highlights
- Newgen Software Technologies Ltd secures an order worth Rs. 15.64 Cr from a leading Bank in Malaysia
- The order is for Software license, implementation, cloud hosting and support - Retail Loan Origination Solution
- The total value of the order is RM 6,750,000 (Ringgit Malaysia Six Million Seven Hundred Fifty Thousand Only)
- The order will be executed over a period of 5 years
- The transaction does not fall within the definition of a related party transaction as per the Companies Act, 2013