DRC Systems India Ltd to acquire 23.34% in Nextenders India Pvt Ltd

The Board of Directors of DRC Systems India Limited at its meeting held today has considered and approved to acquire 23.34% stake in Nextenders (India) Private Limited ("Nextenders"). 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 USD. 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.

Source : Equity Bulls

Keywords

DRCSystemsIndia Acquisition NextendersIndia