Cognizant’s India listing plans go slow amid market volatility and AI impact
Summary
Cognizant is moving slowly on its planned India listing as market volatility and weak stock performance make valuation harder to judge. The company has not yet appointed investment bankers, and the review remains in an exploratory stage. Nasdaq has also removed Cognizant from the Nasdaq-100, adding pressure to sentiment around the stock. Cognizant says it is still evaluating a primary offering and secondary listing in India and has not shelved the idea. The article also notes that the company is pushing an AI-led transformation program alongside expected layoffs and restructuring costs.
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Cognizant
$1B+