Coforge has in-principally agreed to acquire the entire outstanding shares of Artexmind S.A., (a shelf company) through Coforge Solutions, a step-down wholly owned subsidiary of the company (the Transaction). This shelf company is being acquired to start operations in a new geography as setting up a new entity would have taken longer lead time. The entity being acquired belongs to the IT / ITes industry.
The transaction involves acquisition of 100% stake of the Target Company by Coforge Solutions, with purchase consideration of $10,000. The Transaction is expected to be completed on or before August 31, 2025.
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.
| Company Name | CMP |
|---|---|
| TCS | 2581.65 |
| Infosys | 1318.60 |
| HCL Tech. | 1442.50 |
| Wipro | 204.35 |
| Tech Mahindra | 1511.85 |
| View more.. | |
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