Deals15 Dec 2025, 04:51 pm
Newgen Software Technologies Ltd. Secures Rs. 16.53 Cr. Order for Digital Lending Platform
AI Summary
Newgen Software Technologies Limited has announced the receipt and acceptance of a purchase order from a leading Indian bank for the supply, installation, customization, and maintenance of a Digital Lending Platform. The aggregate commercial value of the order is Rs. 16.53 Cr. (Rupees Sixteen Crore and Fifty-Three Lakh). This transaction does not fall under the related party transaction definition as per the Companies Act, 2013. The order is to be executed by 15th December 2025.
Key Highlights
- Newgen Software Technologies Ltd. secures a significant order worth Rs. 16.53 Cr.
- Order for the supply, installation, customization, and maintenance of a Digital Lending Platform.
- The customer is a leading bank based in India.
- Transaction does not classify as a related party transaction under the Companies Act, 2013.
- Order to be executed by 15th December 2025.