Coforge completes Encora acquisition; allots 9,37,96,508 shares; USD 550 million loan
Coforge · IT - Software
Key highlights
- Allotted 9,37,96,508 equity shares at ₹1,815.91 each to Encora Holdco Limited and AI Altius Parent (Cayman) Limited, total ₹1,70,32,60,16,842, as consideration other than cash.
- Company completed the acquisition of Encora US Holdco, Inc. and Encora Holdings Limited under the SSPA; a second amendment dated April 23, 2026 clarifies funding timing and manner.
- Board approved a loan facility of up to USD 550 million, 3-year tenor, 4.6% fixed interest, to fund USD 280,000,000 and USD 270,000,000 subscriptions in the two targets.
Why it's rated major development: amount is ₹10,000 crore or more
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Change in Directorate
Read the filing on BSE (PDF) →Companies guiding to strong growth
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on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.