COFORGENSECoforge LimitedMediumNeutral
Announced Sat, 23 May · 18:04 IST

Coforge Limited has informed the Exchange about Receipt of in-principle approval for listing from Stock Exchanges for preferential issue

Fund Raising View source PDF

COFORGE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+2.8%1-day move
₹1383.00
prior close
₹1398.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.4-0.9-0.9-0.9+2.8+0.6+2.4+5.4+8.9+3.6+6.1+7.9+10.7
Up moveDown movePending
AI summary

Coforge Limited has received in-principle approval from BSE and NSE for listing of 93,796,508 equity shares of ₹2 each that were allotted on a preferential basis on April 23, 2026. These shares were issued as part of a Share Subscription and Share Purchase Agreement with Encora US Holdco, Inc. and Encora Holdings Ltd. The company has also filed the corporate action with depositories to credit these shares to the demat accounts of the respective allottees. This approval completes the listing process for the preferential equity issuance.

Likely market impact

Shareholders can expect the newly issued shares to be listed and tradable soon, which may temporarily impact stock liquidity and overhang. The share count will increase significantly due to this large preferential allotment related to the Encora acquisition.