The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Encora Holdco Ltd & AI Altius Parent (Cayman) Ltd

Creeping Acquisition Near ThresholdOwnership Changes View source PDF Explain this filing

COFORGE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+4.2%Reaction day

₹1151.50

prior close

₹1156.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.5%+2.7% vs market

Computers - Software & Consulting peers, median of 66sector+2.0%+2.2% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Midcap 150 and 2.2 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

Stock

+1.0

10m

+1.9

15m

+1.5

30m

+2.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.2+1.5+2.7+2.0+2.2

Next day

+4.8+1.6+3.2+1.3+3.5

+4.4+1.5+2.9+1.7+2.8

+4.0+0.6+3.4+0.9+3.1

+0.2+1.3-1.1+1.1-0.9

+1.4+1.4+0.0+0.8+0.6

+11.5+4.2+7.3+2.0+9.5

15d

+22.6+2.3+20.3-0.3+22.9

+20.8+4.6+16.2-0.9+21.7

+30.3+3.7+26.6-5.4+35.7

+33.0+4.8+28.1-4.2+37.1

UpDownMarket · Nifty Midcap 150Sector · Computers - Software & Consulting peers, median of 66Pending

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

AI summary

Two entities—Encora Holdco Ltd and AI Altius Parent (Cayman) Ltd—have together acquired a 21.83% stake in Coforge Ltd through a preferential allotment. Encora Holdco received 3,68,96,613 shares (8.59%), while AI Altius Parent received 5,68,99,895 shares (13.24%). Both acquirers previously held zero shares in the company. The acquisition was made under a share subscription and purchase agreement dated 26 December 2025, with allotment completed on 23 April 2026. Neither acquirer belongs to the Promoter/Promoter group.

Likely market impact

The combined 21.83% stake brings these acquirers close to the 25% threshold that would trigger additional regulatory obligations under SEBI SAST regulations. This is a significant minority stake acquisition by entities outside the promoter group.