BSE · Corporate Action · Low
BSE lists 1,26,71,602 Coforge shares from Cigniti merger
The new shares start trading July 13. They complete the merger consideration for Cigniti shareholders and creditors.
What changed
- BSE admitted 1,26,71,602 new equity shares of Coforge for trading.
- Shares were issued under the amalgamation scheme with Cigniti Technologies.
- New shares rank pari-passu with existing Coforge shares.
The read
Nothing changes for Coforge investors on July 13. The exchange admitted 1,26,71,602 new shares, the final piece of the Cigniti Technologies merger consideration, ranking equally with existing stock and allotted back on June 3. This listing is a back-office step. No market effect. It caps a deal already priced in.
Coforge LimitedCigniti Technologies Limited1,26,71,602 shares
Primary source: official circular (PDF)