Loan & Debt23 Apr 2026, 08:01 am
Coforge to Avail Loan Facility of Up to USD 550 Mn
AI Summary
Coforge Ltd's board approved availing a loan facility of up to USD 550 million from banks and financial institutions. This loan, secured by a charge over certain company assets, will be used in accordance with the agreed funding structure. The board also approved amendments to the Share Subscription and Purchase Agreement (SSPA) and the allotment of equity shares on a preferential basis.
Key Highlights
- Coforge board approves availing a loan facility of up to USD 550 million.
- Loan will be secured by a charge over certain assets of the company.
- Board approved second amendment agreement to the SSPA.
- 9,37,96,508 equity shares allotment approved to Encora Holdco and AI Altius Parent.