Deals18 Oct 2025, 11:16 am
Newgen Software Inc. Secures USD 5.29 Million Order from a Leading U.S. Financial Institution
AI Summary
Newgen Software Technologies Ltd. has disclosed a material order of USD 5,290,000 secured by its subsidiary, Newgen Software Inc. (NSJ), from a leading Financial Institution in the U.S. The order is valued at INR 46.54 Crore and is to be executed within a 2-year timeframe. 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 5.29 Million order from a leading U.S. Financial Institution.
- The order is valued at INR 46.54 Crore and is to be executed within 2 years.
- The transaction does not fall under the definition of a related party transaction as per the Companies Act, 2013.
- The customer's name is withheld due to confidentiality reasons.
- Newgen Software Technologies Ltd. is the parent company of Newgen Software Inc.