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Coforge informs about update on acquisition

05 Jul 2024 Evaluate

Pursuant to Regulation 30 and other applicable provisions of the SEBI Listing Regulations and in continuation to our announcement dated May 2, 2024 related to entering into a share purchase agreement with the promoters and select public shareholders of Cigniti Technologies dated May 2, 2024 (‘Share Purchase Agreement’) and trigger of an Open Offer pursuant to execution of such Share Purchase Agreement, Coforge has informed that the Company has on July 4, 2024, acquired 3,021,293 equity shares aggregating to 11.07% of Current paid up share capital & 10.97% of the expanded capital as per draft letter of offer dated May 16, 2024. The purchase was made on the floor of the stock exchanges and was pursuant to the Share Purchase Agreement entered into with select public shareholders. Further the details required under Regulation 30 of SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure A.

The above information is a part of company’s filings submitted to BSE.
Peers
Company Name CMP
TCS 2083.95
Infosys 1000.95
HCL Technologies 1259.40
Wipro 164.15
Tech Mahindra 1547.00
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