Coforge has received in-principle approval from stock exchanges to move forward with the acquisition of Encora. As part of this strategic milestone, the company will issue 93,796,508 equity shares at INR 1,815.91 per share. This development effectively concludes the regulatory review process for the acquisition first announced in December 2025. The company expects to finalize all remaining closing formalities within the next 15 days.
Strategic Progress in Encora Acquisition
Coforge has achieved a critical milestone in its expansion strategy by securing in-principle regulatory approval for the acquisition of Encora US Holdco, Inc. and Encora Holdings Ltd. This approval allows the company to proceed with the issuance of 93,796,508 equity shares, each with a face value of ₹2, at a price of INR 1,815.91 per share.
Transaction Context and Next Steps
The acquisition was originally initiated through a share subscription and purchase agreement signed on December 26, 2025. With the regulatory review process now successfully completed, the company is moving into the final phase of the transaction. Coforge management has indicated that the team is taking the necessary steps to complete all final closing formalities within the next 15 days, marking the culmination of this significant inorganic growth initiative.
Source: BSE
