Cigniti Technologies’ share price plunged almost 8 per cent, while those of Coforge climbed over half a per cent in morning trade on BSE on Monday, December 30, after the two companies announced their merger. Cigniti Technologies share price opened at ₹1,755 against its previous close of ₹1,849.70 and dropped 7.8 per cent to the level of ₹1705.70. On the other hand, Coforge share price opened at ₹9,425 against its previous close of ₹9,449.85 and rose 0.70 per cent to ₹9,513.35.
Cigniti Technologies-Coforge merger
In an exchange filing on Saturday, December 28, Cigniti said its board of directors at its meeting held on December 27, approved its amalgamation with Coforge.
