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CCI approves acquisition of certain equity shares of Cigniti by Coforge

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..... CCI approves acquisition of certain equity shares of Cigniti by Coforge
News and Press Release
Dated:- 26-6-2024

The Competition Commission of India (CCI) has approved acquisition of cer .....

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..... tain equity shares of Cigniti Technologies Limited (Cigniti) by Coforge Limited (Coforge). The proposed transaction relates to the acquisition of at least 50.21% and up to 54% shareholding on a fully .....

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..... diluted basis of Cigniti by Coforge pursuant to the execution of share purchase agreements and mandatory open offer in accordance with the Securities and Exchange Board of India (Substantial Acquisit .....

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..... ion of Shares and Takeovers) Regulations, 2011 (Proposed Combination). Coforge is a public company, and its equity shares are listed on the National Stock Exchange of India Limited (NSE) and BSE Limi .....

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..... ted (BSE). Coforge including its affiliates, is engaged in the provision of information technology (IT) and IT enabled services (ITES) and its sub-segments, in India. Cigniti is a public company and .....

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..... its equity shares are listed on NSE and BSE. Cigniti including its affiliates, is engaged in the provision of IT and ITES and its sub-segments, in India. Detailed order of the CCI will follow.
Ne .....

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..... ws - Press release - PIB .....

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