Deals30 Jun 2026, 08:10 pm
Newgen Software Bags ₹16.18 Cr Retail Loan Solution Order
AI Summary
Newgen Software Technologies Ltd has received and accepted a Letter of Award for a Retail Loan Origination Solution. The aggregate value of the order is USD 1,710,000, which translates to approximately ₹16.18 crore (at 1 USD = INR 94.66). The contract is with an overseas entity in the Philippines, whose name is withheld due to confidentiality. The execution period for this international order is 5 years, and it is confirmed not to be a related party transaction.
Key Highlights
- Newgen Software secured a Retail Loan Origination Solution order.
- Order value is USD 1.71 million (₹16.18 crore approx).
- The contract is with an international entity in the Philippines.
- The execution period for the order is 5 years.
- The transaction is not a related party transaction.
Price Impact
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