"We feel Cigniti will not be one of those acquisitions which are very good or excellent. But it will be an outright game changer for us," Singh told Business Standard.
The board of Coforge, on May 2, approved the acquisition of a 54 per cent stake in Hyderabad-based Cigniti Technologies at a per share price of €1,415.
Coforge expects the acquisition to propel it to become a $2-billion revenue company by FY27 and also improve margins by 150-200 basis points (bps).
The acquisition, according to Singh, will allow Coforge to create three new verticals - a $100-million vertical in retail and $250-million verticals each in healthcare and hightech domains.
Denne historien er fra May 04, 2024-utgaven av Business Standard.
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Denne historien er fra May 04, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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A life that lives beyond
The passing of Ratan Tata marks the loss of not only an iconic leader but also a global visionary whose influence extended far beyond business.
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On Monday, Ratan Tata posted on social media: \"Thank you for thinking of me,\" debunking rumours about his health. Just two days later, on Wednesday, the former Tata Group chairman passed away in a Mumbai hospital at the age of 86.
Paytm appears poised for rebound
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Love-all, RAFA
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Aman for startups
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