Coforge shares saw a significant jump of over 7% in early trading on Wednesday after the company announced a 1:5 stock split and two major acquisitions. The stock surged 7.59% to ₹7,751.60 per share on the BSE.
Key Highlights:
✔ 1:5 Stock Split Approved – Making shares more affordable for retail investors.
✔ Acquisition of TMLabs Pty Ltd – Strengthening its global footprint.
✔ Shares Rally Over 7% – Investors react positively to the news.
Coforge Stock Split Details
The Board of Directors approved a 1:5 stock split, meaning each equity share with a face value of ₹10 will be split into five shares with a face value of ₹2 each.
This move aims to:
✅ Increase liquidity in the stock.
✅ Make shares more affordable for small investors.
✅ Expand the company’s shareholder base.
The record date for the stock split will be announced soon.
Coforge’s Big Acquisition: TMLabs Pty Ltd
Coforge is expanding globally with the 100% acquisition of TMLabs Pty Ltd through its Australian subsidiary. The deal includes:
🔹 Upfront payment of AUD 20 million.
🔹 Additional payouts based on revenue and EBITDA targets for FY26 and FY27.
🔹 Expected completion by March 31, 2025.
Market Reaction
At 9:25 AM, Coforge shares were trading 7.39% higher at ₹7,736.50 on the BSE, reflecting strong investor confidence.
Why This Matters
The stock split and strategic acquisitions are expected to boost Coforge’s market presence and attract more investors, making it a stock to watch in the coming days.
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