Coforge Ltd.

Coforge’s wholly owned step-down subsidiary -- Coforge DPA NA Inc. has planned to enter into an asset purchase agreement with OptML Inc. and its shareholders to acquire customer contracts, key managerial personnel, employees and sub-contractors/vendors of OptML Inc. (collectively, the Asset Purchase Agreement) subject to completion of conditions precedent as per Asset Purchase Agreement.

The Company is acquiring customer contracts, key managerial personnel, employees and sub-contractors/vendors of OptML Inc. with initial payout of $6.6 million for 51% stake and remaining to be paid based on achievement of financial performance as Revenue and EBITDA multiples as per Asset Purchase Agreement. The consideration will be paid in multiple tranches by March 2028.

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.