Coforge-Cigniti Merger Approved by NCLT

NCLT Chandigarh Bench sanctioned the Scheme of Amalgamation of Cigniti Technologies into Coforge Limited effective April 1, 2025.
Shareholders will receive 1 Coforge share (₹2 face value) for every 1 Cigniti share (₹10 face value) held.
The merger received overwhelming approval from all stakeholder classes with no objections filed.
Post-merger financial metrics show Cigniti's EBITDA margin expanded from 11% to 19% in six quarters.