18 Apr 2025

Coforge Shares Edge Higher; Acquires Australia-Based TMLabs Pty to Strengthen Healthcare and Risk Management Services

Coforge is currently trading at RS. 6431.80, rising by 20.20 points or 0.32% from its previous close of RS. 6411.60 on the BSE.

The stock opened at RS. 6355.00 and registered a high of RS. 6565.00 and a low of RS. 6251.05 so far. A total of 88,973 shares have been traded on the counter.

This BSE group 'A' stock, with a face value of RS. 10, hit a 52-week high of RS. 10017.95 on December 30, 2024, and a 52-week low of RS. 4291.05 on May 9, 2024. In the past week, the scrip touched a high of RS. 6598.35 and a low of RS. 6251.05. Coforge currently commands a market capitalization of RS. 43122.82 crore.

Institutional investors hold 90.41% of the company's shares, while non-institutional investors hold 9.59%.

In a strategic move to expand its capabilities in the ServiceNow ecosystem, Coforge’s wholly owned subsidiary, Coforge Technologies Australia Pty, has acquired 100% equity in TMLabs Pty as per the Share Sale Agreement.

The acquisition aligns with Coforge’s focus on growing in the Healthcare vertical and strengthening its presence in the Australian market. TMLabs Pty’s expertise lies in areas critical to Coforge’s future plans, including Integrated Risk Management, Healthcare, and HR Service Delivery.

Coforge, formerly NIIT Technologies, is a global IT services leader delivering real-world business impact by combining deep domain expertise with cutting-edge technology solutions.