Newgen Software Technologies incorporates subsidiary in UAE; Stock dips 1%

17 Jun 2022 , 09:20 AM

Newgen Software Technologies Limited (the “Company”) has incorporated a wholly-owned subsidiary in the country of United Arab Emirates (“UAE”) under the name “Newgen Software Technologies L.L.C.”

“Based on the Trade License cum Registration Certificate as received by us, the date of registration of the aforesaid subsidiary company is  June 15,  2022 and is taken to be registered in Dubai”, said company in a regulatory filing on Thursday.

At around 9:20 AM, Newgen Software Technologies was trading at Rs344.05 per share down by Rs3.55 or 1.02% from its previous closing of Rs347.60 per share on the BSE.