Coforge’s Promoter Sells 21.5 Lakh Shares Worth Rs 887 Crore via Open Market; Motilal Oswal Fund Acquires 4.84 Lakh Shares

Coforge

The IT services company, Coforge, has seen a significant shift in its shareholding as its promoter, Hulst BV, sold 21.5 lakh shares through open market transactions for an average of Rs 4,125.44 per share, totaling Rs 887 crore. On the other hand, Motilal Oswal A/C Motilal Oswal Most Focused Multicap 35 Fund purchased 4.84 lakh equity shares at an average price of Rs 4,125 per share. These transactions suggest that there is a change in the ownership pattern of Coforge which may have an impact on the company’s future strategic decisions. Experts in the industry are closely monitoring these developments and analyzing their potential impact on Coforge’s performance going forward. It will be interesting to see how this plays out in the coming days and weeks ahead!