Cigniti merger: Unsecured creditors approve amalgamation unanimously

Nclt Scheme FiledListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

COFORGE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.0%Reaction day

₹1948.00

prior close

₹1938.10

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%-4.3% vs market

Computers - Software & Consulting peers, median of 64sector+0.0%-4.0% vs sector

On the reaction day the stock moved 4.3 pts less than Nifty Midcap 150 and 4.0 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.7

10m

-2.5

15m

-2.6

30m

-3.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.0+0.4-4.3+0.0-4.0

Next day

-6.4-0.6-5.9-1.0-5.4

-5.4+0.3-5.7-0.1-5.3

-4.8+1.5-6.3+0.1-4.9

-3.9+1.4-5.3+0.1-4.0

-4.4+0.6-5.0-0.6-3.8

-4.9+0.3-5.2-0.4-4.5

15d

-14.5+2.0-16.6-0.9-13.7

-13.8+0.7-14.5-3.2-10.7

-20.5+2.0-22.5-7.6-12.9

-40.0-4.9-35.1-20.6-19.4

UpDownMarket · Nifty Midcap 150Sector · Computers - Software & Consulting peers, median of 64Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

In the NCLT-convened meeting on December 6, 2025, all 24 unsecured creditors of Coforge unanimously voted in favor of the scheme to merge Cigniti Technologies into Coforge. Total unsecured debt voted was about Rs 241 crore. Zero votes were cast against and there were no invalid votes. This is a key milestone in the regulatory approval process for the amalgamation filed under Sections 230 to 232 of the Companies Act.

Likely market impact

Positive - removes a major creditor-side hurdle for the Cigniti merger. Further NCLT and regulatory approvals still needed before deal closure.