COFORGE

Coforge Limited's Board of Directors convened on December 26, 2025, to approve several key decisions, including the acquisition of Encora US Holdco, Inc. and Encora Holdings Ltd. (Cayman) through a share swap arrangement, issuing 9.37 crore equity shares on a preferential basis to investors at INR 1,815.91 per share, and raising up to USD 550 million via Qualified Institutional Placement (QIP) or other means to retire Encora's term loan. The acquisition, valued at USD 2.35 billion, aims to position Coforge as a $2.5 billion tech services leader in AI-led engineering, cloud, and data services. The Board also approved amendments to the Articles of Association to grant special rights to investors, an increase in authorized share capital, and enhanced investment limits under Section 186 of the Companies Act, 2013. The transaction is subject to shareholder and regulatory approvals, with completion expected within 4-6 months.