Coforge Board of Directors approves fundraising up to Rs 375 cr


At the meeting held on July 06, 2021

The Board of Coforge in its meeting of July 6, 2021 approved A) the new issue of capital shares by the company for the purpose of raising capital, including by issuing certificates of deposit or placement with institutions qualified or any other mode subject to a limit of an amount not exceeding Rs 375 crore or; B) undertake an issue of certificates of deposit (American Depository Receipts or Global Depository Receipts listed on recognized stock exchanges, i.e. NYSE and / or NASDAQ and / or any other foreign stock exchange) in one or more installments by: (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 new issue of shares by the Company up to the aforementioned aggregate limit of Rs 375 crore which may be authorized for the raising of capital by the Company by various means; or (iii) a combination of (i) and (ii), as decided by the Board in accordance with Applicable Laws.

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(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First published: Tue 06 July 2021. 09:08 IST


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