Coforge to split stock, acquire Rythmos and TMLabs

** Coforge [BSE: 532541] has announced a series of strategic moves, including a stock split and two acquisitions, following a board meeting on March 4, 2025. The board approved a 1-for-5 stock split, transforming each share with a face value of ₹10 into five shares with a face value of ₹2, pending shareholder approval. This move aims to enhance liquidity and broaden investor participation. Simultaneously, Coforge will acquire Rythmos Inc., a US based data analytics provider, for an initial $30 million with a potential earnout of $18.7 million, contingent on revenue and EBITDA targets. The acquisition is expected to close by March 31, 2025. Separately, Coforge is set to acquire TMLabs Pty Ltd, an Australian ServiceNow implementation services firm, for an initial AUD 20 million, with possible earnouts, also expected to close by March 31, 2025. These acquisitions are intended to enhance Coforge’s data practice, cloud engineering capabilities, and its presence in the healthcare vertical and Australian market.