Brief: Coforge To Buy Encora For Enterprise Value of US$ 2.35 Billion

Coforge

26/12/2025 12:06

Dec 26 (Reuters) - Coforge Ltd COFO.NS:

COFORGE’S ACQUISITION OF ENCORA

ISSUANCE OF EQUITY SHARES OF UP TO 170.3 BILLION RUPEES

COFORGE’ S ACQUISITION OF ENCORA WILL CREATE AN $2.5BN TECH SERVICES POWERHOUSE

APPROVED AUTHORIZATION TO RAISE CAPITAL BY WAY OF A QUALIFIED INSTITUTIONS PLACEMENT

SIGNED A DEFINITIVE AGREEMENT TO ACQUIRE 100% SHARES OF ENCORA FROM ADVENT INTERNATIONAL

ENCORA DEAL FOR  ENTERPRISE VALUE OF US$2.35BLN

ISSUE PRICE OF EQUITY SHARES AT THE PRICE OF 1,815.91 RUPEES

ISSUANCE OF SHARES ON A PREFERENTIAL BASIS PURSUANT TO A SHARE SWAP ARRANGEMENT

FUNDRAISING VIA QIP NOT EXCEEDING $550 MILLION APPROVED

Source text: ID:nBSEbCb8yj

Further company coverage: COFO.NS

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