Coforge gets early US antitrust clearance for Encora acquisition

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

COFORGE · price

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Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹1677.60

prior close

₹1655.10

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.0%-1.5% vs market

Computers - Software & Consulting peers, median of 67sector+0.1%-1.5% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Midcap 150 and 1.5 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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Sessions after the filingfrom the prior close

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Reaction day

-1.4+0.0-1.5+0.1-1.5

Next day

-0.6-1.1+0.5+1.0-1.5

+2.2+1.8+0.4+2.8-0.6

-4.1+2.4-6.5+2.2-6.3

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-7.3+4.1-11.3+1.1-8.4

15d

-20.2+2.0-22.2-5.3-14.8

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-33.6-9.6-24.0-22.6-11.0

-28.6+2.4-31.0-3.7-25.0

UpDownMarket · Nifty Midcap 150Sector · Computers - Software & Consulting peers, median of 67Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Coforge has received early termination of the waiting period under the US Hart-Scott-Rodino (HSR) Antitrust Act for its ongoing acquisition of Encora, ahead of the 30-day timeline. The approval was effective January 28, 2026. The deal, announced December 26, 2025, involves share subscription and purchase agreements with Encora entities. Other regulatory approvals across various jurisdictions are still pending and the company will update exchanges as they come in.

Likely market impact

Positive step forward for the Encora deal, reducing regulatory risk in the US. Other jurisdictional approvals remain pending, so deal closure is not yet confirmed.