Coforge Limited has informed the Exchange regarding a press release dated April 13, 2026, titled "All the regulatory approvals and statutory clearances for Encora acquisition have been secured".
COFORGE · price
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Coforge Limited has announced that all regulatory approvals and statutory clearances for its acquisition of Encora have been secured without conditions. The deal, originally announced on December 26, 2025, is on track to close by end of April 2026. The combined entity will operate at a $2.5 billion run rate, with a $2 billion core focused on AI-led engineering, data, and cloud services. The company also confirmed that its cost optimization program targeting G&A costs is progressing well, with expected savings of 20%-25% for the combined business. All senior leaders have accepted retention offers, and commercial teams are ready for immediate post-closing collaboration.
This announcement removes key regulatory uncertainty around the deal, signaling near-term completion and a significant step toward creating a $2.5 billion AI-native engineering services leader.