Coforge Secures Exchange Approval for Preferential Issue, Nears Encora Acquisition Completion
Coforge received exchange approval for a preferential issue, paving the way for its Encora acquisition. The company will allot 93,796,508 equity shares at ₹1,815.91 each. Closing formalities are expected within 15 days.
The preferential issue and subsequent acquisition are material events for the company, significantly impacting its growth strategy, market position, and financial structure. Securing exchange approval is a major milestone.
The company has received a key regulatory approval for its preferential issue, which is a crucial step towards the completion of its acquisition. This indicates positive progress and a successful regulatory review.
Coforge Limited has received in-principle approval from stock exchanges for a preferential issue, a significant step towards completing its acquisition of Encora US Holdco, Inc. and Encora Holdings Ltd. The company will proceed with the issuance and allotment of 93,796,508 Equity Shares at ₹1,815.91 per share, as per the share subscription and share purchase agreement (SSPA) executed on December 26, 2025.
This approval marks the successful conclusion of the regulatory review process for the Encora acquisition. Coforge is expected to finalize all closing formalities within the next 15 days. The company previously announced the SSPA on December 26, 2025, with the transaction being contingent on various regulatory approvals.
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Coforge Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Coforge Limited. Read the original for the full detail.