Latest News | Motilal Oswal Mutual Fund Buys Additional Shares of Coforge Worth Rs 231 Crore

New Delhi, Apr 17 (PTI) Motilal Oswal Mutual Fund (MF) on Thursday acquired additional shares of IT firm Coforge worth Rs 231 crore through an open market transaction.

According to the bulk deal data available on the NSE, Motilal Oswal MF purchased 3.5 lakh shares or 0.52 per cent stake in Greater Noida-based Coforge.

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The shares were acquired at an average price of Rs 6,605.13 apiece, taking the transaction value to Rs 231.18 crore.

After the latest transaction, Motilal Oswal MF's equity stake in Coforge rose to 8.58 per cent from 8.06 per cent.

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Details of the seller(s) of Coforge's shares could not be ascertained on the National Stock Exchange (NSE).

The scrip of Coforge on Thursday climbed 3.78 per cent to close at Rs 6,650 per piece on the NSE.

On Thursday, Coforge said its wholly-owned subsidiary Coforge Technologies Australia has completed the acquisition of TMLabs from its shareholders in accordance with the share sale agreement.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)