Coforge Limited has informed the Exchange about amendment in scheme of Amalgamation/Merger
COFORGE · price
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Coforge Limited has approved amendments to its previously announced Scheme of Amalgamation with Cigniti Technologies Limited, originally cleared by the Board on December 27, 2024. The change is to revise the share exchange ratio following Coforge's sub-division (stock split) of its equity shares from a face value of INR 10 to INR 2. Under the revised terms, shareholders of Cigniti will receive 1 equity share of Coforge (INR 2 face value) for every 1 equity share held in Cigniti (INR 10 face value). All other terms and conditions of the Scheme remain unchanged. The amendment is subject to the required statutory and regulatory approvals.
This is a procedural update to an already-announced merger and does not change the substance of the deal. The revised exchange ratio simply adjusts for Coforge's stock split, meaning Cigniti shareholders continue to get equivalent economic value. Shareholders should watch for NCLT approval timelines and the final effective date of the merger, which could affect stock price action around key milestones.