Coforge Limited has informed the Exchange regarding Change in Director(s) of the company.
COFORGE · price
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Coforge has completed its acquisition of Encora US Holdco, Inc. and Encora Holdings Limited. As part of the transaction, the company allotted 9.37 crore equity shares worth ₹17,032.60 crore to Encora Holdco Limited (₹6,700 crore for 3.69 crore shares) and AI Altius Parent (Cayman) Limited (₹10,332.50 crore for 5.69 crore shares) at ₹1,815.91 per share. To fund the deal, Coforge availed a USD 550 million secured loan (equivalent to ~₹5,156.85 crore) at 4.6% fixed interest rate for 3 years from major banks including JPMorgan, Bank of America, Citibank, HSBC, and BNP Paribas. Additionally, the board appointed Shweta Jalan (Managing Partner at Advent Private Equity) and Atin Hirachand Jain (Director at Advent Private Equity) as Additional Non-Executive Directors, both effective April 23, 2026, subject to shareholder approval.
Completion of the Encora acquisition expands Coforge's global technology services footprint. The USD 550 million debt increases leverage but funds a strategic acquisition. The appointment of Advent PE representatives reflects the investor's stake from the deal, potentially bringing acquisition expertise to the board.