CCI approves Coforge's acquisition of a majority stake in Cigniti Technologies, expected for Q3 2022.
The Competition Commission of India (CCI) has approved IT firm Coforge's plan to acquire a majority stake in Cigniti Technologies, with a minimum of 50.21% and up to 54% shareholding. The acquisition aims to strengthen their positions in India's IT and IT-enabled services industry and is expected to be completed in Q3 2022. The CCI also approved Mitsui & Co's acquisition of equity shares in poultry producer Sneha Farms, marking significant milestones for both companies.
June 25, 2024
4 Articles