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

COFORGE · price

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

Price reaction · full curve 14 horizons · vs prior close

+4.8%1-day move

₹1151.50

prior close

₹1156.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.0+1.9+1.5+2.7+4.8+4.4+4.0+0.2+1.4+11.5+22.6+20.8+30.3+33.0

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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.