Shares of IT player Coforge saw an uptick on June 26 following the Competition Commission of India (CCI) approval of its acquisition of a stake in Cigniti Technologies.
According to the proposal, Coforge will acquire between 50.21 percent and 54 percent of Cigniti Technologies on a fully diluted basis. The Coforge board had approved this acquisition on May 2, 2024, at a price of Rs 1,415 per share of Cigniti Tech.
As of 11:20 AM, Coforge shares were trading 0.77% higher at ₹5,391.60 on NSE.
