Coforge Limited has informed the Exchange about Amalgamation/Merger - Receipt of Observation Letter with no adverse observations from BSE Limited and noobjection from the National Stock Exchange of India Limited

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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

+0.7%Reaction day

₹1857.30

prior close

₹1859.90

announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.6%+0.1% vs market

Computers - Software & Consulting peers, median of 64sector-0.4%+1.1% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Midcap 150 and 1.1 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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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Coforge Limited has received regulatory clearance from both stock exchanges for its proposed merger with Cigniti Technologies Limited. BSE issued an observation letter with 'no adverse observations' and NSE issued an observation letter with 'no objection' on July 18, 2025. Coforge will act as the Transferee Company and Cigniti Technologies as the Transferor Company under the scheme filed under Sections 230-232 of the Companies Act, 2013. The observation letters came with standard SEBI comments on disclosure requirements regarding pending litigations, share swap ratio, financial details, and liabilities of the transferor company. The scheme is valid for six months and Coforge will now proceed to file it with the National Company Law Tribunal (NCLT) for final approval.

Likely market impact

This is a positive regulatory milestone that moves the Coforge-Cigniti merger closer to completion. Shareholders should expect further updates on the share swap ratio and NCLT proceedings. The deal still requires NCLT approval and consent from shareholders and creditors before it can be finalized.