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COFORGE PRIVATE EQUITY
Coforge shares jump 3% after IT major launches private equity unitCoforge shares climbed on Thursdat after the IT services company launched a dedicated Private Equity business unit to help funds drive oper...
Coforge launches private equity business unit for private equity sectorPowered by Coforge Nuuron, its AI operating system and enterprise autonomy platform, Coforge’s PE business unit aims to combine technology,...
PEs trade big buyouts for founder-led and AI-driven nimble companiesSuch investments are focused on digital, AI-infrastructure and data services stack. Valuations are selectively improving with business deli...
FIIs cut stakes in 7 Nifty IT stocks. Then the index surged 16% in JulyForeign investors reduced stakes in most Nifty IT stocks during the June quarter. Oracle Financial Services Software saw the largest foreig...
Zepto may downsize IPO; Tata's legacy chip betZepto is considering slashing the size of its public issue amid pushback from domestic investors. This and more in today’s ETtech Top 5.
Nifty Q1 earnings to grow 10%, highest in 4 quarters, says Motilal Oswal. Which sectors will take charge this quarter?The June-quarter earnings season begins with TCS reporting on Thursday, with Motilal Oswal forecasting a 3% year-on-year earnings decline f...
In key structural shift, debt becomes the big new vehicle as Indian IT goes deal-shoppingIndian IT firms are increasingly embracing debt financing for major acquisitions, a departure from their traditional debt-free approach. Th...
Oiling the wheels: PE funds buy into fast-growing tech firmsPrivate equity firms are aggressively acquiring stakes in rapidly growing technology companies, particularly in digital engineering and hea...
Coforge, Cigniti announce merger pactThe two companies have appointed EY and Axis Capital to prepare merger terms which they intend to propose to their respective shareholders ...
Coforge, Cigniti forge ahead with proposed mergerCoforge and Cigniti Technologies are progressing towards a merger, with EY and Axis Capital preparing terms for shareholder approval. Cofor...
Coforge acquires 17% stake in Cigniti Technologies for Rs 645 croreA total of 46.18 lakh shares of Cigniti were sold by Kukunuru Madhava Lakshmi, Kukunuru Kumar Bapuji, Sapna and Chakkilam at the same price...
Baring PE sells its entire stake in CoforgeAccording to BSE bulk deals data, Baring PE sold 16.3 million shares at ₹4,722 apiece. Some of the buyers include Aditya Birla Mutual Fund,...
Baring PE sells entire stake in Coforge for Rs 7,683 cr in bulk deal; Morgan Stanley, SBI MF among buyersEarlier in May, Hulst BV had sold 3.5% stake in Coforge through the open market for Rs 887 crore. The private equity firm has been offloadi...
Promoter Baring PE looks to sell entire stake in Coforge via block deal: ReportUnder the block deal, Hulst BV will offload 1.62 crore shares and the deal value is estimated around Rs 7,400 crore. Hulst BV is owned by p...
Promoter Baring PE offloads 3.5% stake in Coforge for Rs 887 croreThe private equity major, through its affiliate Hulst B.V., sold 21,50,000 shares of the software major at Rs 4,125.44 apiece, according to...
Baring PE sells 9.8% in Coforge, raises Rs 2,430 crAs on December 2022, Baring Private Equity held a 39.99% stake in the company through its firm HULST BV. The private equity firm acquired a...
Promoter Baring PE offloads 9.8% stake in Coforge for Rs 2,430 croreHulst B V sold 60,00,000 shares of Coforge at Rs 4,050 apiece through a bulk deal on the National Stock Exchange. This is a sharp discount ...
IT firm Coforge files for US IPOCoforge has filed a Registration Statement on Form F-1 with the US SEC in connection with a proposed IPO of ADS representing its equity sha...
Coforge files for US IPO through ADS routeThe number of equities to be represented by each ADS, the number of ADS to be offered and the price range of the proposed offering have not...
Promoter Hulst BV sells 5.1% stake in Coforge via bulk dealThis amounts to 5.1% stake in the company. Hulst BV held 63.99% stake or 3.88 crore shares in Coforge at the end of the March quarter.