Coforge has finalized the acquisition of Encora US Holdco, Inc. and Encora Holdings Limited. The board approved a USD 550 million loan facility to support this strategic expansion and future growth. Additionally, the company announced the allotment of over 9.37 crore equity shares to the stakeholders of the target companies and strengthened its leadership team with the appointment of Shweta Jalan and Atin Hirachand Jain as additional non-executive directors.
Strategic Acquisition and Funding
Coforge has successfully completed its acquisition of Encora US Holdco, Inc. and Encora Holdings Limited in accordance with its previously established Share Subscription and Purchase Agreement. To support this acquisition and ensure long-term operational flexibility, the Board has authorized a new secured loan facility of up to USD 550 million. This debt will carry a tenor of 3 years, with a fixed interest rate of 4.6% per annum.
Equity Allotment
As part of the share swap arrangement, the company has allotted 9,37,96,508 fully paid-up equity shares. The shares were issued at a price of INR 1,815.91 per share, which includes a premium of INR 1,813.91. The total consideration for this allotment amounts to INR 17,032.60 crore. The primary recipients of these shares are Encora Holdco Limited and AI Altius Parent (Cayman) Limited. Following this transaction, the company’s issued, subscribed, and paid-up capital has increased to 42,96,47,126 equity shares.
Leadership Strengthening
Reflecting its commitment to robust corporate governance and strategic oversight, Coforge has expanded its board of directors. Effective April 23, 2026, Shweta Jalan and Atin Hirachand Jain have joined as Additional Directors (Non-Executive). Both bring significant experience in private equity and technology investments to the board, further aligning the company’s leadership with its long-term growth objectives.
Source: BSE
