COFORGENSECoforge LimitedHighNeutral
Announced Thu, 4 Jun · 24:19 IST

Coforge Limited has informed the Exchange regarding allotment of 12671602 securities pursuant to Scheme of Arrangement/Amalgamation at its meeting held on Jun 03, 2026

Nclt Scheme FiledStrategic Transactions View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹1419.40
prior close
₹1410.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.7+0.3+0.5+0.8+0.1-0.7-1.3-1.6-1.1+5.1+4.5
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AI summary

Coforge Limited has allotted 12,671,602 securities to eligible shareholders pursuant to a Scheme of Arrangement/Amalgamation. The allotment was approved at a meeting held on June 3, 2026. This indicates the scheme has progressed through regulatory approvals and has now reached the securities issuance stage. The specific ratio and counterparty involved are not detailed in this particular filing. Shareholders will see these new securities reflected in their demat accounts as per the scheme terms.

Likely market impact

Shareholders may receive additional equity shares, which could lead to a short-term dilution but may be value-neutral over the long term if the scheme creates synergies. The stock price may see some adjustment on the ex-date for the allotment.