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Coforge-Cigniti merger details and implications for investors

pre-market1 source ↓written by the desknot a recommendation

in the last
18%
ratio for Cigniti
1:1 share swap

Coforge Ltd's shares surged nearly 18% in the last three sessions following strong quarterly earnings. The company announced a 1:1 share swap ratio for Cigniti Technologies shareholders, with May 16, 2026 set as the record date for eligibility. This merger may enhance investor sentiment and consolidate market position for Coforge.

• Coforge shareholders will receive one share for each Cigniti share held.

• The merger could lead to increased operational efficiencies and market reach for Coforge.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 9 May 2026, 07:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

COFORGE closed +0.5% on the day of the news, from ₹1,368.10 to ₹1,375.20; Nifty −1.5% over the same session; futures OI −7.4%.

Bulletin at 07:02 IST on 9 May 2026. Every change is measured from ₹1,368.10, the last close before it, on 8 May. Nifty 50 is measured over the same sessions.

  • COFORGE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
COFORGE closes around the bulletin against the close before the news, with Nifty 50 rebased to it115213521553axis spans 35%before the news · 8 May1368Nifty 50COFORGEbulletinD0+1+3+54 May14 May25 MayFutures open interest, lotspeak 44,000Reference close ₹1,368.10. 16 sessions from 4 May to 25 May; the price axis spans 35 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before8 May₹1,368.10basebase
On the day11 May₹1,375.20▲ +0.5%▼ −1.5%+2.0 pp difference
+1 session12 May₹1,320.40▼ −3.5%▼ −3.3%−0.2 pp difference
+3 sessions14 May₹1,274.60▼ −6.8%▼ −2.0%−4.8 pp difference
+5 sessions18 May₹1,348.10▼ −1.5%▼ −2.2%+0.7 pp difference
Gap at the open, % · ₹
▲ +0.6%+7.66 on 11 May
Day's range, % · ₹
2.1%≈ 28 high to low
Volume on the day
1.28×the 20-session average
Futures OI on the day
▼ −7.4%−3,000 lots · short covering · price +0.5%
Futures OI open, lots
38,00011 May · 26 May expiry
Futures premium, ₹
+1.00+0.1% to spot
Puts per call, by OI
0.76from 0.81 the session before
Max pain
1,280from 1,260 the session before

Source NSE UDiFF bhavcopy · COFORGE on the desk →

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