Newgen Software Technologies Limited, a leading global provider of low-code digital transformation platforms, has announced that the company signed a contract worth ₹23,99,05,800 (approximately ₹24 Crores) with Aye Finance Limited.
The agreement focuses on delivering a cutting-edge Loan Origination Solution (LOS), reinforcing Newgen’s growing reputation in the financial technology sector.
Key Details of the Deal
1. Contract Overview:
- Partnership: Aye Finance Limited
- Scope: Loan Origination Solution
- Type: Domestic contract
2. Duration and Execution Timeline:
- The contract spans six years
3. Commercial Value:
- Total contract value: ₹23,99,05,800
This deal underscores Newgen Software’s capabilities in delivering enterprise-grade solutions to financial institutions. The Loan Origination Solution will empower Aye Finance to enhance operational efficiency, improve decision-making, and deliver a superior customer experience.
Newgen Software shares closed today at Rs 1,617.00, slightly down from the opening price of Rs 1,690.00. The stock reached a high of Rs 1,704.75 and a low of Rs 1,612.00 during the session. Over the past 52 weeks, the stock has hit a high of Rs 1,725.00 and a low of Rs 676.05.
