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Coforge Limited ( (IN:COFORGE) ) just unveiled an announcement.
Coforge Limited has announced the allotment of 198,489 equity shares under its Employee Stock Option Plan (ESOP) 2005. This move increases the company’s paid-up share capital to a total of 334,794,549 equity shares, with a face value of Rs. 2 each, aggregating to Rs. 669,589,098. The company is in the process of completing formalities related to the issue and listing of these shares, which will soon be filed with the exchange for necessary approvals. This allotment reflects Coforge’s commitment to employee engagement and could potentially enhance its market position by aligning employee interests with company growth.
More about Coforge Limited
Coforge Limited is a company operating in the technology sector, focusing on providing IT services and solutions. It is involved in offering a range of services including digital transformation, cloud services, and IT consulting, primarily targeting various industries such as banking, insurance, and travel.
Average Trading Volume: 75,160
Technical Sentiment Signal: Buy
Current Market Cap: 589.4B INR
For an in-depth examination of COFORGE stock, go to TipRanks’ Overview page.