Cigniti Technologies has officially announced the record date for its amalgamation with Coforge. Shareholders of Cigniti, as of the designated date, will be eligible to receive equity shares of Coforge in a 1:1 share exchange ratio. This milestone marks the formal consolidation process between the two entities following the board approval.
Key Record Date Details
Following the successful amalgamation process, the board has fixed May 16, 2026, as the official Record Date. This date is critical for determining the eligibility of current Cigniti shareholders for the transition into the consolidated entity.
Understanding the Share Exchange
Under the terms of the merger, Cigniti shares currently held by investors will be cancelled and replaced with new equity shares of Coforge. The exchange ratio has been finalized at 1:1, ensuring a direct transition for existing shareholders. This move is a significant step in finalizing the integration of Cigniti into the Coforge organization, providing shareholders with equity in the combined entity.
Source: BSE
