coforge share price: Coforge to acquire 54% stake in Cigniti Technologies at Rs 1,415 per share
The acquisition process is expected to get completed by Q2FY25.
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The acquisition process is expected to get completed by Q2FY25.
Sharekhan met Coforge’s management to get an update on the company’s outlook and growth plans from QIP. Coforge is looking to raise funds to the tune of Rs 3,200 crore. The QIP proceeds of Rs 3,200 crore would be purely utilised for mergers and acquisitions (M&A) purposes.
Coforge said Kalra will continue to be a full-time employee and a Senior Advisor to the company till July 10, 2024 an appointed Saurabh Goel as the CFO and key managerial personnel (KMP) with effect from January 5, 2024.
Coforge: Promoter stake in the IT company has been falling since September quarter of 2019 (70.04 per cent). In the June quarter, promoters held 26.63 per cent stake against 30.16 per cent in March and 40.06 per cent in the December quarter.