NCLT Approves Cigniti-Coforge 1:1 Amalgamation Scheme

NCLT Chandigarh sanctions Scheme of Amalgamation of Cigniti Technologies into Coforge Limited with 1:1 share exchange ratio effective April 1, 2025.
Scheme approved by 99.95% shareholders in value and 100% creditors across both companies with no objections from stakeholders.
Income Tax Department raised concerns over ₹28.64 crore and ₹304.77 crore outstanding demands but accepted binding commitments from companies.
Stock exchanges SEBI, BSE, NSE provided no-objection after company complied with disclosure conditions regarding ongoing litigation.