Coforge, a mid-tier IT services company headquartered in Noida, India, has successfully completed the acquisition of Cigniti Technologies, based in Hyderabad, after obtaining shareholder approval and clearance from the National Company Law Tribunal (NCLT). This strategic move is designed to enhance Coforge's healthcare business and expand its presence in the Midwest and Western regions of the United States. Under the terms of the acquisition, Cigniti shareholders will receive one equity share of Coforge (with a face value of ₹2) for each share they hold (with a face value of ₹10). This adjustment follows a stock split by Coforge in June 2025, maintaining an economically equivalent exchange ratio to the previous 1:5 ratio. Initially announced in May 2024, the acquisition involved a 54% stake valued at nearly ₹2,000 crore (approximately $240 million USD). Coforge anticipates that this acquisition will facilitate its growth into a $2 billion firm by FY27, allowing it to serve 28 new Fortune 500 clients and participate in specialized assurance services. The merger results in a combined entity valued at $2.5 billion, focusing on AI-led engineering, data, and cloud services.