Here’s what fuelled nearly 10% surge in Coforge shares on Thursday
In 2019, Hulst BV became a promoter of Coforge with a controlling 70 per cent stake which the equity firm had acquired for an average price of Rs 1,394 per share. Since September 2020, Hulst BV has been consistently reducing its stake in the company.
The company’s shares have gone up over 12 per cent over the past month.