Coforge zooms as its arm to acquire all outstanding shares of Xceltrait Inc
Coforge is currently trading at Rs. 9205.00, up by 979.90 points or 11.91% from its previous closing of Rs. 8225.10 on the BSE.
The scrip opened at Rs. 8725.05 and has touched a high and low of Rs. 9236.00 and Rs. 8688.00 respectively. So far 43848 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10017.95 on 30-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. 9236.00 and Rs. 8142.70 respectively. The current market cap of the company is Rs. 61534.03 crore.
The Institutions and Non-Institutions held 90.41% and 9.59% respectively.
Coforge’s wholly owned subsidiary -- Coforge Inc. is all set to enter into a Stock Purchase agreement with Xceltrait Inc. and its stockholders (Stock Purchase Agreement) to acquire all of the outstanding shares of capital stock of Xceltrait Inc. (Proposed Transaction) and completion of closing conditions and closing deliveries as per the Stock Purchase Agreement.
The Proposed Transaction is expected to be completed by February 28, 2025 (or such other date as may have been agreed by Coforge Inc. and the Target Company), subject to the terms and conditions set out in the Stock Purchase agreement.
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.
