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Mid-Tier IT Firm Completes the Acquisition of a 54 Per Cent Stake in Cigniti Technologies
Mid-Tier IT Firm Completes the Acquisition of a 54 Per Cent Stake in Cigniti Technologies

Mid-Tier IT Firm Completes the Acquisition of a 54 Per Cent Stake in Cigniti Technologies

The final tranche of the acquisition was completed on December 20, 2024, through an off-market transaction, with Coforge purchasing an additional 59,54,626 equity shares, representing 21.62 per cent of Cigniti’s expanded voting share capital.

Manoj Reddy Sama Article rating: 4.1

The company acquired a total of 1,48,75,357 equity shares, which amounts to 54 per cent of the expanded voting share capital of Cigniti.

 

Overnight Digest: Stocks likely to be in focus on May 30
Overnight Digest: Stocks likely to be in focus on May 30

Overnight Digest: Stocks likely to be in focus on May 30

Shreya Chaware Article rating: 3.4

The benchmark indices ended higher for the second consecutive day on the back of positive global cues. A lowering of FII selling made the domestic market comfortable in squeezing volatility. RBI’s upcoming policy meeting will be the key driver in the market, where they are expected to announce an additional policy rate hike of 25-35 bps.

Overnight Digest: Stocks to be kept an eye on May 20
Overnight Digest: Stocks to be kept an eye on May 20

Overnight Digest: Stocks to be kept an eye on May 20

On an intraday basis, India VIX jumped 10.15 per cent to settle at 24.56 level on Thursday.

Shreya Chaware Article rating: 3.7

Due to the global sell-off, the Indian equity markets traded under pressure with Sensex rattling 1,416.30 points or 2.61 per cent ending at 52,792.23 level while Nifty declining 430.90 points or 2.65 per cent at 15,809.40 level.  

Stocks to watch: These small-cap stocks will be in focus on tomorrow!
Stocks to watch: These small-cap stocks will be in focus on tomorrow!

Stocks to watch: These small-cap stocks will be in focus on tomorrow!

Pearl Polymers, Vaishali Pharma, Nitiraj Engineers, Mangalore Refinery & Petrochemicals, Chennai Petroleum Corporation, Usha Martin, NLC India, Premier Polyfilm, Ducon Infratechnologies, Genus Paper & Boards, Gujarat Ambuja Exports, Apcotex Industries, HSIL, and Time Technoplast made a fresh 52-week high today.  

Armaan Madhani Article rating: 4.2

BSE Small-cap index recorded losses of 1.70 per cent closing at 28,728.32.

In conversation with Srikanth Chakkilam, CEO and Non-Executive Director, Cigniti Technologies Ltd
In conversation with Srikanth Chakkilam, CEO and Non-Executive Director, Cigniti Technologies Ltd

In conversation with Srikanth Chakkilam, CEO and Non-Executive Director, Cigniti Technologies Ltd

5G-enabled industries have the potential to drive and define the next decade of innovation, believes Srikanth Chakkilam, CEO and Non-Executive Director, Cigniti Technologies Ltd

Armaan Madhani Article rating: 4.2

5G-enabled industries have the potential to drive and define the next decade of innovation, believes Srikanth Chakkilam, CEO and Non-Executive Director, Cigniti Technologies Ltd.

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