Coforge Limited has completed the acquisition of 100% equity in TMLabs Pty Ltd. The transaction was executed through Coforge Technologies Australia Pty Ltd, a wholly owned subsidiary of the company.
As of 9:40 am on April 17, 2025, Coforge share price was trading at ₹6,305.00, down 1.61%, with a 13.12% decline over the past six months and a 21.09% gain over the past year.
The acquisition was carried out under a share sale agreement signed between Coforge Technologies Australia Pty Ltd and the shareholders of TMLabs Pty Ltd. This agreement was first announced on March 5, 2025. As per the terms, Coforge has now acquired all outstanding shares of the target company.
On April 16, 2025, Coforge formally confirmed that the acquisition process had been concluded. The company stated that the transaction had been executed as per the original terms and conditions laid out in the earlier agreement. No changes or updates to the original structure were mentioned.
In the latest update, Coforge did not provide any additional financial details, valuation information, or specifics about the business operations of TMLabs Pty Ltd. The company also did not disclose whether any changes in management or operations would follow the completion of the deal.
TMLabs Pty Ltd is based in Australia. The filing confirms full ownership transfer but does not elaborate on the company’s size, industry segment, or existing client base.
According to the company, the required details related to the transaction had already been shared at the time of the March 5 announcement. The current update is limited to confirming that the share transfer has been completed.
Coforge now holds 100% ownership of TMLabs Pty Ltd through its Australian subsidiary. The transaction has been completed as planned, with no further information provided in the final communication.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 17, 2025, 3:17 PM IST
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