Coforge has received in-principle approval from stock exchanges for a preferential issue related to its acquisition of Encora. The company will issue and allot 93,796,508 equity shares at a price of ₹1,815.91 per share.
This development follows a share subscription and purchase agreement executed with Encora US Holdco, Inc. and Encora Holdings Ltd. on December 26, 2025. The regulatory review process for the acquisition has now been successfully completed. Coforge plans to finalise all closing formalities within the next 15 days.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).