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Coforge informs about update on acquisition

21 Dec 2024 Evaluate
Pursuant to Regulation 30 and other applicable provisions of the SEBI Listing Regulations and in continuation to its announcement dated May 2, 2024 in relation to entering into share purchase agreements with the promoters and select public shareholders of the Cigniti Technologies (‘Cigniti’) dated May 2, 2024 (‘SPAs’) and announcement dated November 20, 2024 in relation to completion of the open offer pursuant to execution of the SPAs wherein the company had informed that it has acquired an aggregate of 89,20,731 equity shares amounting to 32.68% of the total paid-up share capital of Cigniti, Coforge has further informed that the Company has completed the final tranche closing on December 20, 2024, through an off-market transaction pursuant to which the Company has purchased additional 59,54,626 equity shares amounting to 21.62% of the expanded voting share capital of Cigniti. Accordingly, the Company has acquired an aggregate of 1,48,75,357 equity shares amounting to 54% of the expanded voting share capital of Cigniti. Further the details required to be disclosed in terms of 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.

Coforge Share Price

1368.35 83.40 (6.49%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
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