Coforge Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
COFORGE · price
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Awaiting price reaction for this filing.
Coforge has clarified to stock exchanges that a news report on NDTV Profit dated June 19, 2025, suggesting that Coforge is planning to acquire a stake in R Systems, is not based on any material development. The company stated it is not involved in any such discussions or negotiations that could have triggered the market speculation. The filing was made under Regulation 30(11) of SEBI Listing Regulations as a rumour verification. The company committed to promptly disclose any material information if it arises in the future.
This is a denial of a potential acquisition rumour, which may negatively impact short-term sentiment for investors who were expecting an inorganic growth move. The stock could see some volatility or selling pressure as speculative positions tied to the rumour get unwound.