Coforge has officially completed its acquisition of Encora US Holdco, Inc. and Encora Holdings Limited following the execution of the second amendment to the Share Subscription and Purchase Agreement. To support this growth, the company has secured a USD 550 million loan facility and appointed two new Additional Directors to its board. These strategic moves are designed to bolster financial flexibility and strengthen leadership as the company integrates its latest international assets.
Completion of Strategic Acquisition
Coforge has successfully closed the acquisition of Encora US Holdco, Inc. and Encora Holdings Limited. As part of this transaction, the company has also completed a preferential allotment of 9,37,96,508 equity shares at a price of INR 1,815.91 per share to the designated investors, representing a total consideration of approximately INR 17,032.60 crore. This milestone marks a significant expansion of the company’s operational footprint.
Financial Backing and Funding
To support this investment and future growth, the company has secured a USD 550 million loan facility. The financing, approved by the Board on April 23, 2026, will be utilized for primary investment into the common stock of the newly acquired target companies. The loan facility carries a tenor of 3 years with a fixed interest rate of 4.6% per annum, secured by a first-ranking charge over the company’s assets.
Strengthening Corporate Leadership
Alongside its financial and operational milestones, the Board has appointed Shweta Jalan and Atin Hirachand Jain as Additional Directors (Non-Executive Directors), effective April 23, 2026. Both individuals bring extensive experience in technology and healthcare investments from their respective roles at Advent Private Equity. These appointments are subject to shareholder approval and are intended to provide strategic oversight during this period of significant corporate transformation.
Source: BSE
