Coforge has allotted 13,173 equity shares to all its employees. The announcement comes after the approval from its ESOP Allotment Committee on Monday, 29 January, 2024. The stocks are granted under the company’s Employee Stock Option Plan and each stock has a face value of Rs 10. This information was conveyed through an official exchange filing.
After the allotment, the company received Share Application Money totalling Rs 1,31,730 in connection with the aforementioned allotment.
Following the allotment, the paid-up share capital of the company has increased to 61,765,615 equity shares, each with a face value of Rs 10, amounting to a total of Rs 617,656,150. The company is currently in the process of fulfilling additional requirements related to the issuance and listing of these shares.
Coforge, formerly known as NIIT Technologies, is a global IT services and solutions company, headquartered in India. The company offers a wide range of services, including application development and maintenance, infrastructure management, business process outsourcing, and digital transformation.
The company serves clients across various industries, such as banking, financial services, insurance travel and healthcare.
Recently, the company announced its Q3 results. The company’s focus is to move forward with aggressive growth, with ambitious plans to boost its headcount. Despite the macro-economic challenges, the company anticipates a robust growth, and significant spike in margins in the next quarter.
As per its Q3 results, the current employee count of the company stands at 24,607, which is marginally lower than its last quarter count of 24, 638.
