Coforge has recently made a significant announcement regarding the allocation of equity shares to its employees under the employee stock option plan (ESOP). The company, a global provider of digital services and solutions, is dedicated to helping clients achieve tangible business impact by combining domain expertise with emerging technologies. With a focus on specific industries, a deep understanding of their underlying processes and strategic partnerships with leading platforms, Coforge offers a unique perspective to its clients.
As per an official exchange filing, the ESOP allotment committee granted 8,732 equity shares, each with a face value of Rs 10, on 13 October, 2023.
This allocation has resulted in the receipt of share application money amounting to Rs 87,320. Consequently, Coforge’s paid-up share capital has now increased to 615,56,919 equity shares, each with a face value of Rs 10, totaling Rs 615,569,190.
The company is currently in the process of finalising the necessary procedures related to the issuance and subsequent listing of these shares. It plans to submit the required documentation to the exchange in the near future to obtain approval for listing and trading.
Coforge employs a product-engineering approach and harnesses cloud, data, integration and automation technologies to transform its clients’ businesses into high-growth, intelligent enterprises.