Deals1 Jan 2025, 02:29 am
Newgen Software Technologies Ltd Secures INR 208,978,000.00 License Order for Newgen Remittance System
AI Summary
Newgen Software Technologies Limited has announced that it has received and accepted a purchase order from a customer for the Newgen Remittance system-License cost. The value of the purchase order is INR 208,978,000.00, inclusive of applicable taxes. This transaction does not fall within the definition of a related party transaction as specified under the provisions of the Companies Act, 2013. The order is to be executed by December 2024.
Key Highlights
- Newgen Software Technologies Ltd has secured a purchase order for the Newgen Remittance system-License cost.
- The value of the purchase order is INR 208,978,000.00, inclusive of applicable taxes.
- The order is to be executed by December 2024.
- This transaction does not fall within the definition of a related party transaction as specified under the Companies Act, 2013.
- The announcement was made as per BSE’s Circular No. 20230714-34 dated July 14, 2023, and NSE’s Circular No. NSE /CML/2023/57 dated July 14, 2023.