The Exchange has sought clarification from Coforge Limited with respect to recent news item captioned R Systems shares jump 6% on reports of Coforge considering stake acquisition. The response from the Company is attached.
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On the reaction day the stock moved 0.9 pts more than Nifty Midcap 150 and 1.1 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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The NSE asked Coforge to clarify a news article that reported Coforge was considering acquiring a stake in R Systems, which had caused R Systems' shares to jump 6%. Coforge has firmly denied the report, stating that no negotiations or discussions have taken place regarding a stake acquisition in R Systems. The company also confirmed it is not aware of any undisclosed information that could explain unusual trading activity in its own shares. It reiterated that the article is purely speculative and has no material impact on its operations or financials. This follows an earlier clarification issued on June 20, 2025, on the same matter.
The formal denial is likely to ease speculation in R Systems, whose shares had risen on the unconfirmed report, and signals no near-term M&A activity from Coforge. For Coforge shareholders, this is neutral — it removes an overhang from rumored deal-making without implying any change in business outlook.