business / news / / The Financial Express
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.
Coforge allotted 9.37 crore shares to Encora sellers at Rs 1,815.91 per share.
KEY POINTS
- 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
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