Coforge Limited clarified that it is not involved in any discussions regarding a stake acquisition in R Systems, following a news item on www.businessupturn.com.
The company stated that no negotiations or events related to such an acquisition have taken place.
Coforge is unaware of any undisclosed information that could explain recent trading movements and confirms compliance with disclosure requirements under Regulation 30 of the SEBI (LODR) Regulations, 2015.
The company believes that the news article is speculative and does not have any material impact on its operations and financials.