Coforge Limited announces board appointments, loan facility, and share allotment
Coforge · IT - Software
Key highlights
- Board approved appointment of Shweta Jalan and Atin Hirachand Jain as Additional Non-Executive Directors effective April 23, 2026, subject to shareholder approval.
- Approved availing a secured loan facility up to USD 550 million (₹5,156.85 crore) from multiple banks including JPMorgan Chase and Bank of America, with a 3-year tenor starting repayment after 6 months.
- Issued 9.38 crore equity shares on preferential basis to Encora Holdco Limited and AI Altius Parent (Cayman) Limited at ₹1,815.91 per share, aggregating to ₹17,032.60 crore, as part of acquisition-related share swap.
Why it's rated major development: amount is ₹10,000 crore or more
Figures checked against the filing by a second AI read. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Coforge
- Dividend / buyback / bonusNotableCoforge Limited announces Q1 FY 2026-27 results, interim dividend, and director re-appointment
- Order winNotableCoforge secures $230+ million five-year AI transformation contract with European client
- Acquisition / mergerNotableCoforge Limited announces effective date of amalgamation with Cigniti Technologies
- Acquisition / mergerNotableCoforge Limited announces NCLT approval of Scheme of Amalgamation with Cigniti Technologies
- Fundraise / allotmentNotableCoforge Limited reports preferential allotment of 9.38 crore shares to new investors
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Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Software
on management's own guidance
- Strong growth2
- Strong growth1
- Fractal AnalyticsGood growth3
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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.