# Coforge announced in December last year that it is acquiring a 100 percent stake in the US-based Ancora at an enterprise value of $2.5 billion.

*business · news · 2026-04-23 · The Financial Express*

## Key points

- Coforge allotted 9.37 crore shares to Encora sellers at Rs 1,815.91 per share.
- Coforge secured a three-year loan at 4.6% interest, canceling its planned QIP.
- Consolidation of Encora's financials into Coforge will start effective May 1, 2026.
- Integration activities for Encora are ahead of schedule, with expected G&A cost synergies of 20–25%.
- Combined AI-led engineering, data, and cloud services aim to deliver $2 billion revenue in FY27.

**Companies:** Coforge
**Countries:** United States, India

[Read the full story on The Financial Express](https://www.financialexpress.com/business/industry-coforge-raises-550-million-from-jpmorgan-citi-hsbc-and-others-to-fund-encora-acquisition-4216030/)

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