DRC Systems India Limited (BSE:543268) agreed to acquire 23.34% stake in NexTenders (India) Private Limited for INR 17.5 million on October 14, 2022. Nextenders (India) Private Limited generated the turnover of INR 72.243 million as on March 31, 2022. Board of Directors of DRC Systems India Limited approved the Transaction. Acquisition is expected to complete within 30 days.

DRC Systems India Limited (BSE:543268) completed the acquisition of 23.34% stake in NexTenders (India) Private Limited on December 1, 2022.