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Suresh Nambiar• 1h ago
Following the approved merger, Cigniti Technologies has scheduled a board meeting to discuss and finalize post-merger arrangements.
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Following the approved merger, Cigniti Technologies has scheduled a board meeting to discuss and finalize post-merger arrangements.
Cigniti Technologies has officially merged, with immediate effect. The transferor company is now dissolved, and the agreed merger date is set for April 1, 2025.
The National Company Law Tribunal (NCLT) in Chandigarh has given its approval for the merger, as per the Companies Act, with a 1:1 share swap effective from April 1, 2025. Notably, the acquiring company already owns 54% of the acquired one following a share split, indicating a straightforward transition.