Coforge Limited receives RBI approval for Overseas Direct Investment over USD 1 Billion
Coforge · IT - Software
Key highlights
- Coforge executed a share subscription and purchase agreement for acquiring Encora entities.
- Prior approvals obtained: US HSR Antitrust Act, shareholder postal ballot, Australian competition authority.
- RBI approval dated March 30, 2026, received for Overseas Direct Investment exceeding USD 1 Billion.
Why it's rated notable: amount is ₹500 crore or more
Original filing
Intimation Of Receipt Of RBI Approval With Respect To Encora Transaction
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Coforge
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- 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
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- 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.
