Announced Tue, 14 Jul · 14:59 IST
No shares sold - disclosure triggered by Cigniti-Coforge merger
Ownership Changes View source PDF
COFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹1543.10
prior close
₹1533.20
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.2+0.1+0.0-0.8-0.5-1.8-2.2-3.2-6.7————
Up moveDown movePending
AI summary
Rajasthan Global Securities Pvt Ltd, a non-promoter, disclosed under SEBI Reg 29(2) that its holding dropped from 5.55% in Cigniti Technologies to 0.34% in Coforge Limited after the merger scheme became effective. No shares were sold or transferred. Its 15,16,413 Cigniti shares were cancelled and replaced with an equal number of Coforge shares at the swap ratio. The percentage fall is purely mathematical due to Coforge's much larger share capital of about 44.27 crore shares of Rs 2 each.
Likely market impact
Procedural filing - no shares sold, so no market impact. The stake fall from 5.55% to 0.34% is arithmetic, driven by the merger.