Shareholders approve Cigniti-Coforge amalgamation scheme

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

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

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-1.7%+0.4% vs market

Computers - Software & Consulting peers, median of 65sector-2.2%+1.0% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Midcap 150 and 1.0 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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UpDownMarket · Nifty Midcap 150Sector · Computers - Software & Consulting peers, median of 65Pending

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AI summary

Coforge shareholders approved the scheme of amalgamation of Cigniti Technologies with Coforge at the NCLT-convened meeting on December 6, 2025. Over 99.99 percent of votes polled were in favor, with 26,33,47,159 shares approving and only 20 shares opposing. The resolution was passed with the requisite three-fourths majority. The scheme still needs NCLT sanction and other regulatory approvals before becoming effective.

Likely market impact

Major shareholder approval clears a key hurdle for the Cigniti merger, but NCLT and regulatory approvals are still pending before the deal can close.