Coforge Limited — JV/Acquisition, 27-12-2024: Amalgamation/Merger

Coforge Limited's Board has approved a Scheme of Amalgamation to merge with Cigniti Technologies Limited, in which Coforge holds a 54% stake. Under the plan, shareholders of Cigniti will receive 1 equity share of Coforge for every 5 shares of Cigniti they own. This merger aims to enhance digital transformation capabilities, accelerate growth across retail, technology, and healthcare verticals, and improve operational efficiencies by integrating resources. With consolidated assets of approximately INR 67,876 crore for Coforge and INR 685 crore for Cigniti, the merger is positioned to unlock shareholder value and drive strategic growth in key markets.