Coforge Limited has received the in-principle approval from stock exchanges for the listing of 93,796,508 equity shares issued on a preferential basis. The company has already initiated the corporate action with depositories to ensure these shares are credited to the demat accounts of the respective allottees. This move follows the previously announced Share Subscription and Share Purchase Agreement involving the Encora entities, marking a significant milestone in the company’s capital expansion strategy.
Listing Approval Secured
Coforge Limited has successfully secured in-principle approval from the stock exchanges for the listing of its recently issued equity shares. This follows the completion of the preferential allotment of 93,796,508 equity shares, each with a face value of ₹2. The approval, granted on May 22, 2026, clears the way for these shares to be formally traded.
Next Steps for Shareholders
Following the receipt of the approval, the company has immediately initiated the corporate action process with the relevant depositories. Allottees can expect the 93,796,508 equity shares to be credited directly to their respective demat accounts. This action finalizes the procedural requirements associated with the preferential issue process that was previously initiated by the company to support its strategic objectives involving the Encora businesses.
Source: BSE
