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The NCLT order filed on 4 May 2026 makes the amalgamation of Cigniti Technologies Ltd. into Coforge Ltd. officially effective.
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Cigniti will be dissolved without winding up; its assets, liabilities, and client base transfer to Coforge, with a stock‑for‑stock share‑swap that will dilute existing Coforge shareholders modestly.
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The Board will set the record date on 5 May 2026 to determine which Cigniti shareholders receive Coforge equity, and the deal preserves cash, leaving leverage unchanged.
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Management expects cross‑selling and cost‑saving synergies to boost revenue growth (mid‑single‑digit to high‑single‑digit %) and improve margins, potentially lifting EPS in FY 2027‑28 if integration risks are managed.
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