Coforge Limited — Others, 30-01-2025: Monitoring Agency Report

Coforge Limited has submitted a Monitoring Agency Report for the quarter ended December 31, 2024, concerning the use of proceeds from its recent Qualified Institutional Placement (QIP). Notably, there were no deviations from the proposed utilization of funds, with the total gross proceeds reported at ₹2,240 crore and net proceeds at ₹2,204.53 crore. The significant portion of the funds has been utilized for the acquisition of Cigniti shares. This report underscores the company’s adherence to its stated financial objectives, likely fostering a positive outlook among investors regarding its growth strategy.