Cigniti Technologies cancels Q4 results after Coforge acquisition
pre-market1 source ↓written by the desknot a recommendation
- was cancelled
- 5 May
- confidence
- 1:1 swap
Cigniti Technologies has ceased to exist as an independent entity following the NCLT approval of its merger with Coforge. The board meeting scheduled for 5 May was cancelled, and Q4 results will not be declared separately. Shareholders will receive one Coforge share for each Cigniti share held. Both stocks fell, but the price gap narrowed to ₹4, indicating market confidence in the 1:1 swap.
Not investment advice. For informational purposes only.