In continuation to its intimation dated July 20, 2023 related to entity simplification strategy and to achieve operational efficiency by merging the wholly owned subsidiaries of the Company in India and December, 22, 2023. In this context, Coforge has informed that the company has entered into Share Purchase Agreement (‘SPA’) dated 18 January, 2024 with its wholly owned subsidiary, Coforge DPA (‘Acquirer’) for the transfer of 83.2% equity shares of Coforge SF India (Wholly owned Subsidiary of the Company) to the Acquirer and remaining 16.8% of equity shares of Coforge SF India (Wholly owned Subsidiary of the Company) shall be transfer by Coforge SmartServe (Step Down Subsidiary of the Company) to Coforge DPA (‘Acquirer’) Pursuant to the execution of SPA and transfer of shares, Coforge SF India would continue to be within the same group. The details as required under Regulation 30 of the LODR Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD 1/P/CIR/2023/123 dated July 13, 2023 are enclosed as ‘Annexure – I’.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
TCS | 3822.60 |
Infosys | 1421.10 |
HCL Tech. | 1367.55 |
Wipro | 462.30 |
Tech Mahindra | 1261.95 |
View more.. |