Board of Coforge approves capital raising up to Rs 375 cr

At meeting held on 06 July 2021

The Board of Coforge at its meeting held on 06 July 2021 has approved A) the fresh issuance of equity shares by the company for the purpose of capital raising including by way of depository receipts issue or a qualified institutions placement or any other mode subject to a limit of an amount not exceeding Rs 375 crore or; B) to undertake an issuance of depository receipts (American Depository Receipts or Global Depository Receipts listed on recognized stock exchanges i.e. either NYSE and/ or NASDAQ and/ or any other overseas exchange) in one or more tranches through: (i) a transfer of existing equity shares by eligible shareholders of the Company not exceeding 18,500,000 Equity Shares of the Company; or (ii) a fresh issue of equity shares by the Company within the abovementioned overall limit of Rs 375 crore that may be permitted for capital raising by the Company through various modes; or (iii) a combination of (i) and (ii), as decided by the Board in accordance with Applicable Laws.

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