Coforge Nears Key Milestone as NCLT Reserves Order on Cigniti Amalgamation

Coforge Limited ( (IN:COFORGE) ) has issued an announcement.

Coforge Limited has announced that the National Company Law Tribunal has reserved its order for formal pronouncement on the proposed amalgamation of Cigniti Technologies Limited into Coforge. The move follows a series of prior disclosures and indicates that all relevant statutory authorities have recorded no objections to the sanctioning of the merger scheme.

The reservation of the NCLT order marks a key procedural milestone toward completing the amalgamation, which is expected to streamline operations and consolidate capabilities under the Coforge brand. Stakeholders now await the formal NCLT decision, after which the company plans to update stock exchanges and publish further details on its website, underscoring regulatory progress in the deal process.

More about Coforge Limited

Coforge Limited is an India-headquartered IT services and digital solutions company, operating from hubs such as Greater Noida and Gurugram. Listed on both BSE and NSE, the firm focuses on technology-led services for global clients across sectors, positioning itself as a mid-tier player in the competitive information technology and business process services market.

Average Trading Volume: 153,727

Technical Sentiment Signal: Sell

Current Market Cap: 390.5B INR

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