Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Newgen Software Technologies Limited ( (IN:NEWGEN) ) has provided an update.
Newgen Software Technologies Limited announced the allotment of 639,000 equity shares under its ESOP schemes at a recent board meeting. This issuance, which includes 539,000 shares under the 2022 ESOP scheme and 100,000 shares under the 2014 ESOP scheme, increases the company’s paid-up share capital to Rs. 1,42,31,77,870. This move is expected to bolster employee engagement and align their interests with the company’s growth, potentially enhancing its market position.
More about Newgen Software Technologies Limited
Newgen Software Technologies Limited operates in the software industry, providing enterprise content management, business process management, and customer communication management solutions. The company focuses on delivering innovative software products to enhance business processes and customer engagement.
Average Trading Volume: 124,647
Technical Sentiment Signal: Sell
Current Market Cap: 126.4B INR
See more insights into NEWGEN stock on TipRanks’ Stock Analysis page.