Coforge funding

coforge share sale

Noida-based Indian multinational information technology company Coforge Ltd, earlier NIIT Technologies, announced on Tuesday that it has raised Rs 340 crore in funding via issuance of non-convertible bonds on a private placement basis.

‘The board of directors of the company has allowed allotment of up to 3,400 unsecured, listed, rated, redeemable non-convertible bonds of Rs 10,00,000 each totaling up to Rs 340 crore to identified investors on a private placement basis,’ Coforge stated in a regulatory filing.

The non-convertible bonds (NCBs) are offered to be listed on the wholesale debt market (WDM) segment of BSE, the company added.

Shares of Coforge were trading 0.28 percent lower at Rs 2,799 apiece on BSE.

The freshly infused will offer huge opportunities for Coforge to grow and scale its business.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box at the right side of this page.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.

For publishing an advertorial article about your company on our website, drop an email at taniya@startuplanes.com