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Coforge trades high on acquiring additional 21.62% voting share capital of Cigniti Technologies
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Coforge is currently trading at Rs. 9440.35, up by 70.80 points or 0.76% from its previous closing of Rs. 9369.55 on the BSE.
The scrip opened at Rs. 9407.50 and has touched a high and low of Rs. 9525.85 and Rs. 9385.05 respectively. So far 2256 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9798.90 on 20-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. 9798.90 and Rs. 9200.00 respectively. The current market cap of the company is Rs. 63160.72 crore.
The Institutions and Non-Institutions held 90.25% and 9.75% stake in the company.
Coforge has completed the final tranche closing on December 20, 2024, through an off-market transaction pursuant to which the Company has purchased additional 59,54,626 equity shares amounting to 21.62% of the expanded voting share capital of Cigniti Technologies (Cigniti). Accordingly, the Company has acquired an aggregate of 1,48,75,357 equity shares amounting to 54% of the expanded voting share capital of Cigniti.
Earlier, the company had acquired an aggregate of 89,20,731 equity shares amounting to 32.68% of the total paid-up share capital of Cigniti.
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.
