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Coforge gets nod to raise up to Rs 375 crore through various instruments

06 Jul 2021

Coforge has received approval from board to raise up to Rs 375 crore through various instruments. The board has approved subject to applicable laws and receipt of shareholders and other necessary approvals the fresh issuance of equity shares by the company for the purpose of capital raising, including by way of a depository receipts issue or a Qualified Institutions Placement (QIP) or any other mode, subject to a limit of an amount not exceeding Rs 375 crore.

It has received board approval to raise funds through QIPs or to undertake an issuance of depository receipts (American Depository Receipts or Global Depository Receipts) in one or more tranches through a transfer of existing equity shares by eligible shareholders.

Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.

Related Coforge Ltd. Links:

Coforge Share Price

5419.70 -28.65 (-0.53%) Oct 22, 18:01
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