Coforge Limited approves USD 550 million loan and appoints two additional directors
Coforge · IT - Software
Key highlights
- Board appointed Shweta Jalan and Atin Hirachand Jain as additional non-executive directors, effective April 23, 2026, subject to shareholder approval.
- Approved a secured loan facility up to USD 550 million with multiple banks including JPMorgan Chase, Bank of America, Citibank, HSBC, and BNP Paribas, with 3-year tenor and 4.6% fixed interest rate.
- Board approved allotment of 9,37,96,508 equity shares at INR 1,815.91 each, aggregating INR 1,70,32,60,16,842, to Encora Holdco Limited and AI Altius Parent (Cayman) Limited.
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
Board Meeting Outcome for Outcome Of Board Meeting
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.