A share average of Rs. 1,398.5 were acquired at a deal value of Rs. 645.85 crores.
Meanwhile, Kukunuru Madhav Lakshmi and Kukunuru Kumar Bapuji, public shareholders of Signity Technologies, have exited the firm by selling their entire 6.83 per cent stake in the firm.
Apart from this, one of the promoters of Siginity, Sapna P and Venkata Subramaniam Chakkilam also offloaded shares in the company.
A total of 46.18 lakh shares of Signity were sold at par by Kukunuru Madhav Lakshmi, Kukunuru Kumar Bapuji, Sapna and Chakkilam.
Shares of Signity Technologies on the NSE fell 1.28 percent to Rs. closed at 1,367.20.
On Thursday, digital services and solutions provider Koforge raised Rs. 426 crore acquired 11 percent stake in IT company Signity Technologies.
In May this year, Coforge said its board of directors had approved the acquisition of 54 percent stake in Signity Technologies.
Coforge has agreed to enter into a share purchase agreement with the promoters and selected public shareholders of Signity, subject to the execution of definitive covenants and the fulfillment of certain previously identified conditions.
Last week, the Competition Commission of India approved IT firm Coforge’s proposal to buy a majority stake in Signity Technologies.
Baring Private Equity Asia-promoted Coforge is an IT and IT-enabled services (ITES) provider.
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