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Coforge Allots 12.7 Million Shares Under Cigniti Merger Scheme

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Coforge (NSE:COFORGE, BOM:532541) allotted 12.7 million equity shares to eligible shareholders of Cigniti Technologies under the approved amalgamation scheme, according to a Thursday filing on Indian bourses.

The shares were issued on June 3, in a 1:1 exchange ratio to Cigniti shareholders of record on May 16, the filing said.

Following the allotment, Coforge's paid-up equity share capital increased to 442.7 million equity shares with a face value of 2 rupees each, aggregating to 885.4 million rupees, it added.

Coforge shares rose nearly 1% in recent trade.

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