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Coforge acquires additional 21.62% voting share capital of Cigniti Technologies

23 Dec 2024 Evaluate

Coforge 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 Technologies (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.

Earlier, the company had acquired an aggregate of 89,20,731 equity shares amounting to 32.68% of the total paid-up share capital of Cigniti. 

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.

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