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DRC Systems India gets nod to acquire 23.34% stake in Nextenders

14 Oct 2022 Evaluate

DRC Systems India has received an approval to acquire 23.34% stake in Nextenders (India). Post acquisition, Nextenders would become an Associate Company. Nextenders is engaged in the business of Electronic Procurement Software Systems, Solutions & Related Services. Nextenders has strong presence in India, Africa, Philippines and Mauritius in public sector. Till date, Nextenders has processed over 625,000 transactions through their softwares worth over $15 Billion. Nextenders has patented its systems in countries including India, UK and USA.

DRC is seeing business opportunity through these presences to package product and software services. Aggregate cost of acquisition not exceeding Rs 1.75 crore. The Board of Directors at its meeting held on October 14, 2022 has considered and approved the same.

DRC Systems India is a software development organization and deliver state-of-the-art IT business solutions to its clients across the globe. It combines technical expertise and business acumen to deliver great results.

DRC Systems India Share Price

15.16 0.01 (0.07%)
04-May-2026 16:59 View Price Chart
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Company Name CMP
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