Coforge to acquire 100% of Encora via all-stock share swap worth USD 2.35 Bn

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

COFORGE · price

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Price reactionminutes from the announcement price · days from the prior close

+0.2%Reaction day

₹1674.00

prior close

₹1711.00

announcement price

After-mkt

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.4%+0.6% vs market

Computers - Software & Consulting peers, median of 64sector-0.9%+1.1% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Midcap 150 and 1.1 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Midcap 150Sector · Computers - Software & Consulting peers, median of 64Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Coforge board approved 100% acquisition of Encora for USD 2.35 Bn enterprise value via all-stock share swap. Will issue 9.37 crore shares at INR 1,815.91 (8.5% premium), worth about INR 17,033 crore. Encora sellers get about 21.25% of post-issue capital. A QIP up to USD 550 Mn may be raised for debt retirement. Encora FY25 revenue USD 516 Mn. Closing in 4 to 6 months. Not expected EPS dilutive.

Likely market impact

Transformative AI-led deal making Coforge a USD 2.5 Bn tech firm. All-stock with about 21% dilution but EPS accretive from synergies.