Coforge Limited has informed the Exchange regarding a press release dated April 23, 2026, titled "Company announcing successful closure of the Encora acquisition.".
COFORGE · price
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Coforge has completed its acquisition of Encora, originally announced in December 2025. Shares were allotted to Encora sellers at Rs 1,815.91 per share on a preferential basis. The company has secured a $550 million three-year loan at 4.6% fixed interest instead of pursuing a QIP, avoiding further equity dilution. Financial consolidation begins May 1, 2026, with FY27 results reflecting eleven months of Encora operations. The combined entity is valued at $2.5 billion, with AI-led Engineering, Data, and Cloud services alone expected to generate $2 billion revenue in FY27. Integration is ahead of plan with projected G&A cost synergies of 20-25%, and the firm expects significant positive impact on growth and margins going forward.
The successful acquisition positions Coforge as a $2.5 billion AI-native engineering services firm with scaled nearshore delivery capabilities in Latin America and expanded US client footprint, likely positive for the stock given the size of the deal and synergy guidance.