NCLT approves Coforge-Cigniti merger creating $2.50B entity
The NCLT approved the merger of Coforge Limited and Cigniti Technologies, creating a $2.50 billion AI-native engineering entity. The merger will be effective from April 1, 2025, with strong shareholder support reported across both companies.
pre-market1 source ↓written by the desknot a recommendation
- AI-native engineering services
- $2.50 billion
- effective
- 1 Apr 2025
- approval from Coforge's
- 100%
- from Cigniti's
- 99.95%
The National Company Law Tribunal sanctioned the merger between Coforge Limited and Cigniti Technologies, forming a $2.50 billion AI-native engineering services leader. The merger, effective from 1 Apr 2025, received overwhelming shareholder support, with 100% approval from Coforge's equity shareholders and 99.95% from Cigniti's. This consolidation may enhance competitive positioning in the tech sector.
Not investment advice. For informational purposes only.