Coforge Limited has informed the Exchange about Receipt of in-principle approval from Stock Exchanges for preferential issue
COFORGE · price
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Coforge Limited has received in-principle approval from BSE and NSE for a preferential issue of 93,796,508 equity shares of ₹2 each at ₹1,815.91 per share. This issuance is part of the share subscription and purchase agreement signed on December 26, 2025, for acquiring Encora US Holdco, Inc. and Encora Holdings Ltd. The company expects to complete all closing formalities within 15 days. This marks the successful completion of the regulatory review process for the Encora acquisition.
The preferential share issuance will result in significant dilution as nearly 94 million new shares are issued for the acquisition. Shareholders should note the large equity expansion that accompanies this strategic acquisition deal.