Coforge slides 7% as over 7 million equity shares change hands on bourses

According to reports, Barings Private Equity was looking to sell part of its 40 per cent stake in Coforge via block deals

Shares of information technology firm Coforge slumped 6.7 per cent to Rs 4,039 apiece on the BSE in Monday's intra-day trade after 7.18 million equity shares, or nearly 10 per cent of total equity, changed hands on the BSE and NSE in early deals. On the National Stock Exchange (NSE), the stock hit an intra-day low of Rs 4,037.

At 9:46 AM, Coforge was quoting 6 per cent lower at Rs 4,070 per share on the BSE. In comparison, the S&P BSE Sensex was down 0.23 per cent.

According to a Business Standard report, Barings Private Equity was looking to sell part