Coforge amends amalgamation scheme with Cigniti Technologies

Coforge announced amendments to its previously approved Scheme of Amalgamation with Cigniti Technologies Limited, as per a regulatory filing today. The Board of Directors approved revisions to the share exchange ratio, subject to necessary approvals, in order to give effect to the sub-division/ split of existing equity shares of the company. Under the revised terms, one equity share of Coforge, valued at INR 2, will be issued for every one equity share of Cigniti Technologies, valued at INR 10. Coforge stated that all other terms and conditions of the Scheme, as initially approved by the Board, will remain unchanged. The original intimation regarding the amalgamation was dated December 27, 2024.