Coforge Limited announces effective date of amalgamation with Cigniti Technologies
Coforge · IT - Software
Key highlights
- Scheme of Amalgamation between Cigniti Technologies Limited and Coforge Limited sanctioned by NCLT Chandigarh Bench has become effective.
- Certified copy of NCLT order filed with Registrar of Companies, Haryana, resulting in dissolution of Cigniti Technologies without winding up.
- Appointed Date for amalgamation is April 1, 2025; Board to fix record date for share cancellation and issuance as per swap ratio.
Why it's rated notable: The filing states the scheme is effective with no value or consideration amount, so as an internal amalgamation with no stated value it is rated medium at most.
Original filing
Update On Effective Date Of The Scheme Of Amalgamation Of Cigniti Technologies Limited And Coforge Limited Under Sections 230 To 232 Of The Companies Act, 2013 Sanctioned By The Honble National Company Law Tribunal, Chandigarh Bench (NCLT)
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More from Coforge
- Dividend / buyback / bonusNotableCoforge Limited announces Q1 FY 2026-27 results, interim dividend, and director re-appointment
- Order winNotableCoforge secures $230+ million five-year AI transformation contract with European client
- Acquisition / mergerNotableCoforge Limited announces NCLT approval of Scheme of Amalgamation with Cigniti Technologies
- Fundraise / allotmentNotableCoforge Limited reports preferential allotment of 9.38 crore shares to new investors
- Acquisition / mergerMajor developmentCoforge Limited approves USD 550 million loan and appoints two additional directors
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.