Coforge files Second Motion Petition with NCLT for Cigniti merger

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

-0.5%Reaction day

₹1872.00

prior close

₹1851.10

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.8%+0.2% vs market

Computers - Software & Consulting peers, median of 63sector-0.9%+0.4% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Midcap 150 and 0.4 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Midcap 150Sector · Computers - Software & Consulting peers, median of 63Pending

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AI summary

Coforge has filed the Second Motion Petition with NCLT seeking approval for the proposed amalgamation of Cigniti Technologies with Coforge under Sections 230-232 of the Companies Act. This follows earlier filings since December 2024 and moves the merger process closer to final NCLT clearance, pending hearings and approvals.

Likely market impact

Progresses the Cigniti merger toward NCLT approval, a positive step for consolidation though final sanction is still pending.