Coforge receives in-principle approval for preferential issue to Encora entities
Coforge · IT - Software
Key highlights
- Coforge to issue 93,796,508 equity shares of ₹2 each at ₹1,815.91 per share on preferential basis
- The shares will be allotted to Encora US Holdco, Inc. and Encora Holdings Ltd. as per agreement dated December 26, 2025
- All closing formalities to be completed within 15 days following stock exchange approval received on April 10, 2026
Why it's rated notable: The filing is an in-principle exchange approval for the share issue tied to the Encora acquisition, which is non-binding and so capped below high, and the filing states no aggregate transaction value.
Original filing
Intimation Under Regulation 30 - Receipt Of In-Principle Approval From Stock Exchanges For Preferential Issue
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Other fundraise / allotment filings this fortnight
- IIFL Finance Limited announces preferential issue of shares and amendments on Nov 10, 2026
- IIFL Finance to raise ₹6,414 crore in primary equity infusion led by Blackstone
- Bajaj Finserv subscribes to 5,74,25,740 Bajaj Finance warrants at ₹1,010 each
- Supreme Engineering allots 14,50,00,000 warrants at ₹2.60 on preferential basis
- Bajaj Finance Limited allots 5.74 crore warrants to Bajaj Finserv on 10 Nov 2026
- Bajaj Finance approves preferential issue of 5.74 crore warrants to Bajaj Finserv
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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.