Coforge and Cigniti Technologies are progressing towards a merger, with EY and Axis Capital preparing terms for shareholder approval. Coforge plans to absorb Cigniti, with shareholders receiving Coforge shares based on a determined swap ratio. Coforge’s market value has doubled recently, and the acquisition aims to leverage synergy in client locations.
Rail Vikas Nigam, ICICI Pru, Polycab among stocks likely to get AMFI large-cap tag
Mutual fund managers must consult the AMFI classification to balance their portfolio according to the category requirement. Recategorisation need not lead to fresh inflows or
December 25, 2024