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Coforge Limited has announced that the full proceeds of Rs 220.45 crore from its QIP have been completely utilized for the planned acquisition of up to 8.95 million equity shares in Cigniti at Rs 1,415 per share. The acquisition will take place in two tranches, with no delays or deviations reported. The latest Monitoring Agency report from Crisil Ratings confirms that fund deployment aligns fully with the company’s stated objectives, supporting Coforge’s strategic stake increase in Cigniti without any concerns affecting the deal’s viability.