Coforge Limited — Others, 28-10-2024: Monitoring Agency Report

Coforge Limited provided a Monitoring Agency Report for Q2 FY2024, confirming no deviations in the utilization of proceeds from its Qualified Institutional Placement (QIP). The report, issued by CRISIL Ratings Limited, stated that all proceeds are in line with the objectives set forth in the offer document. The total gross proceeds raised amounted to ₹22,400 million, with ₹10,918.51 million currently utilized for the acquisition of Cigniti equity shares. No significant delays or unfavorable events were noted.