Coforge rises as its arm acquires 100% outstanding shares of TMLabs
Date: 17-04-2025Coforge is currently trading at Rs. 6431.80, up by 20.20 points or 0.32% from its previous closing of Rs. 6411.60 on the BSE.
The scrip opened at Rs. 6355.00 and has touched a high and low of Rs. 6565.00 and Rs. 6251.05 respectively. So far 88973 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10017.95 on 30-Dec-2024 and a 52 week low of Rs. 4291.05 on 09-May-2024.
Last one week high and low of the scrip stood at Rs. 6598.35 and Rs. 6251.05 respectively. The current market cap of the company is Rs. 43122.82 crore.
The Institutions holding in the company stood at 90.41%, while Non-Institutions held 9.59% in the company.
Coforge’s wholly owned subsidiary -- Coforge Technologies Australia Pty has acquired 100% of the outstanding shares of TMLabs Pty from its shareholders in accordance with the Share Sale Agreement.
The Company is focusing on enhancing its capabilities in the ServiceNow ecosystem in newer modules like Integrated Risk Management, Healthcare and HR Service Delivery. Additionally, growth in Healthcare vertical and Australia market are priorities for the company. TMLabs Pty operates at the intersection of these focus areas for the Company.
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.