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Coforge to acquire controlling-stake in SLK Global

12 Apr 2021 Evaluate

Coforge has signed definitive agreements to acquire a controlling interest in SLK Global Solutions (SLK Global), a business process transformation enterprise offering BPM and digital solutions for the financial services industry.

Coforge shall initially acquire 60% stake in SLK Global, with SLK Global’s founders completely exiting. Fifth Third Bank’s stake in the company will be reduced to 40% and shall continue at that level for the next 2 years. Coforge will acquire an additional 20% stake from Fifth Third Bank after the completion of 2 years. As part of the transaction, Fifth Third Bank has committed to remaining a significant customer of SLK Global and has also committed a base volume over 5 years starting FY’22.

Coforge was earlier known as NIIT Technologies.

Coforge Share Price

1223.05 -69.90 (-5.41%)
22-Apr-2026 13:24 View Price Chart
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