Acquisitions23 Apr 2026, 10:13 am
Coforge Completes Encora Acquisition; Cancels QIP
AI Summary
Coforge Ltd. has successfully closed the acquisition of Encora. Shares were allotted to Encora sellers at ₹1815.91 per share. Coforge secured a $550 million three-year loan at 4.6% interest, leading to the cancellation of plans for a QIP. Encora's financials will be consolidated into Coforge starting May 1, 2026. The company anticipates a positive impact on FY’27 growth and margins due to integration synergies, with combined cost synergies on G&A expected to be between 20% to 25%. Vijay Verma will become a Senior Management Personnel (SMP).
Key Highlights
- Encora acquisition completed; shares allotted at ₹1815.91 per share.
- QIP cancelled after securing $550 Mn loan at 4.6% interest.
- Encora financials consolidate into Coforge effective May 1, 2026.
- FY’27 growth and margins expected to benefit from Encora integration.
- Vijay Verma appointed as Senior Management Personnel (SMP).