Coforge has successfully completed its acquisition of Encora US Holdco, Inc. and Encora Holdings Limited. To support this growth, the Board has approved a USD 550 million loan facility and the issuance of 9,37,96,508 equity shares to the investors. Additionally, the company has strengthened its leadership team with the appointment of two new non-executive directors, Shweta Jalan and Atin Hirachand Jain, effective April 23, 2026.
Completion of the Encora Transaction
Coforge has officially concluded its acquisition of Encora US Holdco, Inc. and Encora Holdings Limited. Following the Share Subscription and Purchase Agreement (SSPA) originally announced on December 26, 2025, the company has finalized the subscription of common stock and ordinary shares in the target companies. This strategic move is supported by a USD 550 million funding infusion, split into a USD 280 million investment in Encora US Holdco and a USD 270 million investment in Encora Holdings Limited.
Capital Expansion and Debt Financing
In alignment with the funding structure for this acquisition, the Board has approved a secured loan facility of up to USD 550 million. This credit facility, provided by a consortium of international banks, is set for a tenor of 3 years. Furthermore, the company has executed a preferential allotment of 9,37,96,508 equity shares at a price of INR 1,815.91 per share, resulting in an aggregate consideration of approximately INR 17,032.6 crore. This issuance has increased the company’s issued and paid-up capital from 33,58,50,618 shares to 42,96,47,126 shares.
Strengthening Corporate Governance
Alongside these financial milestones, Coforge has expanded its Board of Directors with two key appointments. Shweta Jalan and Atin Hirachand Jain have joined as Additional Directors (Non-Executive Directors), effective April 23, 2026. Both appointees bring significant private equity and investment expertise to the organization, which will be instrumental as the company integrates its new acquisitions and pursues its next phase of global growth.
Source: BSE
