Joint Venture22 Jun 2024, 09:13 pm
Newgen Software Inc. Secures USD 1.48 Million Contract with Client
AI Summary
Newgen Software Technologies Limited has announced that its material subsidiary, Newgen Software Inc. (NSI), has entered into a Master Service Agreement with a client. The contract, which has a duration of 5 years, is valued at USD 1,484,527. The company confirmed that this transaction does not fall under the definition of a related party transaction as per the Companies Act, 2013.
Key Highlights
- Newgen Software Inc. has secured a USD 1.48 million contract with a client.
- The contract has a duration of 5 years.
- The client is an international entity.
- The transaction does not fall under the definition of a related party transaction as per the Companies Act, 2013.
- Newgen Software Technologies Limited is the parent company of Newgen Software Inc.