Coforge Ltd

Coforge-Cigniti Merger Moves Forward: Key Updates & Next Steps 📈

- Coforge received 'no adverse observations' from BSE and 'no objection' from NSE for its merger with Cigniti Technologies.

- Observation letters issued on July 18, 2025, now available on Coforge’s website.

- SEBI provided 15 comments on required disclosures, including rationale, financial implications, and share swap details.

- Validity of observation letters: 6 months (must submit to NCLT within this period).

- BSE/NSE can withdraw approvals if submitted info is incomplete or misleading.

- All Cigniti liabilities must transfer to Coforge as part of the scheme.

- Scheme must comply with Companies Act 2013 and SEBI regulations.