NCLT clears Cigniti–Coforge amalgamation scheme, paving way for merger

The latest update is out from Cigniti Technologies Limited ( (IN:CIGNITITEC) ).

Cigniti Technologies Limited announced that the National Company Law Tribunal, Chandigarh Bench, has sanctioned the Scheme of Amalgamation under the Companies Act for the merger of Cigniti Technologies Limited into Coforge Limited. The scheme, effective from the appointed date of April 1, 2025, enables the companies to move ahead with the integration process, marking a significant structural consolidation that may streamline operations and align shareholder and creditor interests under the Coforge umbrella.

The approval of the amalgamation strengthens Coforge’s position by formally absorbing Cigniti’s operations, with both entities now set to implement the scheme’s remaining procedural steps. For stakeholders, this order provides regulatory clarity on the merger’s progression, signaling a move toward a unified corporate structure that could impact future business strategy and market presence for the combined entity.

More about Cigniti Technologies Limited

Cigniti Technologies Limited, a Coforge company, operates in the information technology and software services industry, providing technology solutions from its global delivery center in Hyderabad and registered office in Gurugram. The company is listed on BSE and NSE and serves a broad base of shareholders and creditors within India’s IT services market.

Average Trading Volume: 7,658

Technical Sentiment Signal: Buy

Current Market Cap: 32.81B INR

Learn more about CIGNITITEC stock on TipRanks’ Stock Analysis page.