Cigniti Technologies slips 8% after board approves merger with Coforge

Cigniti Technologies shares slipped 8 per cent to Rs 1,707.15 on the BSE in Monday’s intra-day trade on profit booking after the company’s board approved the scheme of amalgamation of the company with and into Coforge. The stock price of the information technology (IT) enabled services company has corrected 14 per cent from its 52-week high of Rs 1,980.75 that it hit on December 17, 2024.