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Coforge Limited has completed its amalgamation with Cigniti. The Board fixed May 16, 2026, as the Record Date for issuing equity shares to Cigniti shareholders in a 1:1 ratio. Consequently, the interim dividend proposal has been deferred to the next meeting.
Coforge Limited announced the successful completion of its amalgamation with Cigniti Technologies Limited after filing the NCLT order with the Registrar of Companies. The scheme became effective with an appointed date of April 1, 2025. The Board will meet on May 5, 2026, to fix the record date for share cancellation and new equity issuance.
Coforge Ltd successfully closed the acquisition of Cigniti Technologies Limited following NCLT approval. The transaction involved acquiring a 54% stake for approximately ₹1023.90 Crore. This strategic merger establishes Coforge as a scaled AI-led engineering services leader with an enterprise core of $2 billion.
Coforge Limited successfully closed the acquisition of Encora, funded via a USD 550 Million (₹5,115 Crore) three-year loan at 4.6% interest. The acquisition adds scaled-up nearshore delivery capabilities in Latin America and is expected to deliver US$2Bn in AI-led revenue by FY27. Financial consolidation begins May 1, 2026.