COFORGENSECoforge LimitedLowNeutral
Announced Mon, 18 May · 11:05 IST

Coforge Limited has informed the Exchange regarding Allotment of 352818 Shares.

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COFORGE · price

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Price reaction · full curve 14 horizons · vs prior close
+10.4%1-day move
₹1279.00
prior close
₹1310.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0-0.2+0.1+0.7+10.4+9.7+7.7+8.1+9.3+8.8+10.2+15.7+18.0
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AI summary

Coforge Limited's ESOP Allotment Committee has approved the allotment of 352,818 equity shares on May 17, 2026, under the Employee Stock Option Plan (ESOP 2005). Following this allotment, the company's paid-up share capital has increased to 42,99,99,944 equity shares of Rs. 2 face value each, aggregating to Rs. 85,99,99,888. The company is in the process of completing listing and trading formalities for these newly allotted shares. This represents approximately 0.08% dilution to existing shareholders.

Likely market impact

Minor share dilution for existing shareholders due to new shares being issued under the ESOP scheme. The impact on stock price is typically negligible for such small allotments, though it increases the total number of outstanding shares.