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Coforge has completed the final tranche closing on December
20, 2024, through an off-market transaction pursuant to which the company has
purchased additional 59,54,626 equity shares amounting to 21.62% of the
expanded voting share capital of Cigniti Technologies (Cigniti). Accordingly,
the company has acquired an aggregate of 1,48,75,357 equity shares, amounting to
54% of the expanded voting share capital of Cigniti.
Earlier, the company had acquired an aggregate of 89,20,731
equity shares, amounting to 32.68% of the total paid-up share capital of
Cigniti.
Coforge (formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at the intersection of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Source: Ace Equity
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