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Coforge Limited Advances Merger with Cigniti Technologies

Story Highlights
  • Coforge Limited held a meeting with unsecured creditors about merging with Cigniti Technologies.
  • The meeting’s successful conclusion is a key step in the merger process, impacting market positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Coforge Limited Advances Merger with Cigniti Technologies

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An announcement from Coforge Limited ( (IN:COFORGE) ) is now available.

Coforge Limited announced the successful completion of a meeting with its unsecured creditors regarding the proposed amalgamation with Cigniti Technologies Limited. The meeting, held via video conferencing, was part of the legal process under the Companies Act, 2013, and the SEBI Listing Regulations, with the voting results scrutinized by an appointed advocate. This development marks a significant step in the merger process, potentially impacting the company’s market positioning and stakeholder interests.

More about Coforge Limited

Coforge Limited operates in the technology sector, providing IT services and solutions. The company focuses on delivering transformative digital services to various industries, enhancing business processes and customer experiences.

Average Trading Volume: 61,994

Technical Sentiment Signal: Buy

Current Market Cap: 661.9B INR

See more insights into COFORGE stock on TipRanks’ Stock Analysis page.

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