Coforge Share Price Drop 7% Despite Completing Rythmos Inc. Acquisition

Coforge share price fell over 7% on Friday, marking its fourth consecutive day of decline. The stock dropped by 7.43% to ₹6,625 per share on the BSE.

Acquisition of Rythmos Inc.

Coforge announced that its subsidiary, Coforge Inc., has completed the acquisition of Rythmos Inc. The deal, worth $48.7 million, involves the purchase of 100% of Rythmos’ shares.

The agreement, initially signed in March 2025, required Coforge to pay $30 million upfront, with additional payments of up to $18.7 million based on revenue and profit targets for 2025 and 2026.

About Coforge

Coforge, previously known as NIIT Technologies, is a global IT company headquartered in Noida, India, and New Jersey, USA. Its shares are listed on the BSE and NSE under the ticker COFORGE.

Stock Performance

Coforge’s share price has fallen 7% in the past month and is down 30% so far this year. However, it has gained 15% over the past year and has delivered a massive 547% return over the last 5 years. Despite this, the stock is currently trading 34% below its 52-week high.

As of 12:20 PM on April 4, Coforge shares were trading at ₹6,716.80, down 6.15% on the BSE.

Conclusion

Despite the recent dip, Coforge has shown strong long-term growth. Investors will now watch how the Rythmos acquisition impacts future earnings and stock performance.

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