Intimation under Regulation 30 - Receipt of in-principle approval for listing from Stock Exchange for preferential issue
COFORGE · price
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Coforge Ltd has received final in-principle approval from BSE and NSE for listing 93,796,508 equity shares of ₹2 each that were allotted on a preferential basis on April 23, 2026. This is a follow-up to the company's December 2025 Share Subscription and Share Purchase Agreement with Encora US Holdco, Inc. and Encora Holdings Ltd. The company has also filed the corporate action with depositories to credit these shares to the allottees' demat accounts. The acquisition of the Target Companies was subject to regulatory approvals, which have now been completed with this listing approval.
The preferential issue has now been fully completed, meaning the new shares can be listed and traded. This finalises Coforge's acquisition financing through equity, which may cause dilution but strengthens the company's position in the IT services sector.