Merger5 May 2026, 05:21 pm
Coforge Sets May 16, 2026 as Record Date for Cigniti Merger; Dividend Deferred
AI Summary
Coforge Ltd has announced May 16, 2026, as the record date for determining the eligibility of Cigniti shareholders to receive Coforge shares in a 1:1 exchange ratio, following the amalgamation of Cigniti with Coforge. Consequently, the board has deferred the dividend proposal to the next meeting.
Key Highlights
- Coforge sets May 16, 2026, as record date for Cigniti shareholders' eligibility post-merger.
- Share exchange ratio is 1:1 for Cigniti shareholders.
- Dividend proposal deferred to the next board meeting due to the merger.
Price Impact
More from COFORGE