Coforge Limited, a global digital services and solutions provider, informs the exchange regarding acquisition of shares of Ciginiti Technologies, on July 5. The company acquires 30.21 lakh equity shares of Ciginity Technologies at various price ranging between INR 1,329.90 to INR 1,415 (average price being INR 1412.2530 (excluding transaction costs)). It took the company Rs. 426.68 crores to acquire 30.21 lakh shares of Ciginiti Technologies.

Coforge Limited acquired 30.21 lakh equity shares aggregating to 11.07% of Current paid up share capital and 10.97% of the expanded capital as per draft letter of offer dated May 16, 2024. Coforge Limited enters into a share purchase agreement with the promoters and select public shareholders of Cigniti Technologies Limited on May 2, 2024.

About Ciginiti Technologies Limited

Incorporated in 1998, Ciginity Technologies Limited is primarily engaged in the business of Quality and Digital engineering services across USA, UK, Australia, Canada, Czech Repulic, South Africa and Singapore with delivery center in India. The company’s equity shares are listed on BSE Limited and National Stock Exchange of India Limited, and has its registered office in Telangana.

The turnover of the company for FY22, FY23 and FY24 is INR 469.46 crore, INR 709.99 crore and INR 814.47 crore, respectively. The profit after tax of the company for FY24 is INR 94.79 crores.

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