Acquisitions20 Nov 2024, 05:13 pm
Coforge Acquires 32.68% Stake in Cigniti Technologies Through Open Offer
AI Summary
Coforge Ltd has completed the acquisition of 32.68% stake in Cigniti Technologies Limited through a share purchase agreement with promoters and select public shareholders, followed by an open offer. The open offer resulted in the acquisition of 4.69% of Cigniti's paid-up share capital, with 12,80,374 equity shares credited to Coforge's demat account and 865 equity shares in the process of being credited. The transaction was conducted at a price of INR 1,415.00 per share. Cigniti Technologies is a company primarily engaged in Quality and Digital engineering services across various countries with a delivery center in India.
Key Highlights
- Coforge has acquired a 32.68% stake in Cigniti Technologies Limited.
- The acquisition was conducted through a share purchase agreement and an open offer.
- 12,80,374 equity shares have been credited to Coforge's demat account.
- The transaction was conducted at a price of INR 1,415.00 per share.
- Cigniti Technologies is a company primarily engaged in Quality and Digital engineering services.