Coforge Unit Sells Entire Stake in Coforge Advantage Go to Sapiens UK

On 28 April 2025, Coforge Limited officially announced a significant development concerning its international subsidiary structure. During a Board Meeting held the same evening, the company disclosed the execution of a Share Purchase Agreement for the indirect sale and transfer of its entire shareholding in Coforge Advantage Go Limited.

Share Purchase Agreement Between Coforge U.K. Limited and Sapiens UK Limited

Coforge U.K. Limited, a wholly owned subsidiary of Coforge Limited, has entered into a Share Purchase Agreement with Sapiens UK Limited for the complete sale and transfer of its shareholding in Coforge Advantage Go Limited. The execution date of the agreement is 28 April 2025. The transaction is subject to the fulfilment or waiver of conditions outlined in the agreement by both parties, who are targeting completion within four to six weeks from the execution date.

The base consideration agreed upon under the Share Purchase Agreement is GBP 43,000,000, which will be subject to adjustments as specified in the agreement. The transaction does not fall under the purview of related party transactions and is not considered a slump sale or covered under any Scheme of Arrangement, including Regulation 37A of the LODR Regulations.

Strategic Buyer Profile and Financial Impact

Sapiens UK Limited, the buyer, is a part of the globally recognised Sapiens group. Sapiens [NASDAQ, TASE: SPNS] is known for its end-to-end software solutions in the insurance industry and serves over 600 customers through a workforce of nearly 6,000 professionals operating across North America, Europe, and the Asia Pacific. Since 2010, the group has acquired and integrated 20 companies into its portfolio.

Coforge Advantage Go Limited contributed 1.7% of the total income and 2.7% of the net worth to the consolidated financials of Coforge Limited during the last financial year. This indicates that while the subsidiary played a supportive financial role, its strategic divestment aligns with the company’s broader restructuring or capital reallocation efforts.

Read More: Coforge Announces Completion of 100% Acquisition of TMLabs Pty Ltd

Coforge Share Performance 

As of April 29, 2025, at 12:00 PM, Coforge share price is trading at ₹7,400.50 per share, reflecting a surge of 0.31% from the previous closing price. Over the past month, the stock has declined by 4.89%.

Conclusion

The board meeting held on 28 April 2025, from 8:20 PM to 8:35 PM IST, concluded with the formal approval of this transaction. Coforge Limited, through its UK arm, has executed a significant divestment reflecting its ongoing strategic initiatives. The move not only reflects the company’s dynamic approach to business but also involves a reputed global entity in the insurance software space as the buyer.

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