Coforge Limited IPO Scam : Listed Without SEBI NOC

Coforge Limited listed in BSE NSE without SEBI NOC in 2004. They failed to share SEBI NOC copy with investor reply in SCORES . They said Coforge acquired NIIT technologies and got Delhi High court order for merger of companies. High court did not given clean chit to list without regulatory compliance . Coforge did not checked SEBI NOC of NIIT and listed at BSE NSE . Many smart companies buy listed companies at any exchange and get listed at BSE and NSE with direct listing . A pharma Company Remedium life care take over bicycle company ‘Roxy Exports Private Limited and listed at Ahmedabad exchange

Listing without SEBI NOC is offence under section 15 HA of SEBI act 1992. and also fraud under IPC.

COFORGE REPLY

This is in reference to your complaint submitted via the SEBI SCORES portal regarding the listing of Coforge Limited. We would like to clarify that Coforge Limited (formerly known as NIIT Technologies Limited) got listed on both the Stock Exchanges( NSE and BSE) in August 2004 pursuant to the Scheme of Arrangement filed by NIIT Limited and NIIT Technologies Limited, which was duly approved by the Hon’ble High Court of Delhi via the order dated May 31st 2004. As per the terms of the Scheme and the directions issued by the Hon’ble Court: • The equity shares of NIIT Technologies Limited were to be listed on all stock exchanges where the shares of NIIT Limited were listed at the time of the Scheme. • The stock exchanges were directed to list the equity shares of NIIT Technologies Limited in accordance with Chapter VIII of the SEBI (Disclosure and Investor Protection) Guidelines, 2000, without requiring NIIT Technologies Limited to undertake an Initial Public Offering (IPO). • The requisite minimum public shareholding of NIIT Technologies Limited was ensured through the allotment of equity shares to the public shareholders of NIIT Limited, thereby complying with the regulatory requirements. This arrangement facilitated a seamless transition and listing of NIIT Technologies Limited (now Coforge Limited), ensuring continuity of compliance with the due process and legal requirement of listing as per applicable provisions.

Thanking You

Yours faithfully,

For Coforge Limited Barkha Sharma

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