Coforge Acquires Encora in $2.35B All-Stock Deal, Board Approves $550M Fundraise

• Coforge announced the acquisition of US-based engineering services firm Encora for $2.35 billion in an all-stock transaction.
• The deal involves Coforge issuing 93.8 million equity shares, giving Encora shareholders 21.25% of Coforge's post-issue capital.
• Coforge's board also approved a $550 million fundraise via QIP or other routes to support the acquisition.
• The acquisition creates a $2.5 billion tech services powerhouse, significantly scaling Coforge's HiTech and Healthcare verticals.
• Encora, with projected FY26 revenue of $600 million, brings AI-led healthcare solutions and 11 new $10M+ client relationships.

Why It Matters: Coforge's $2.35B Encora acquisition creates a tech services giant, boosting AI, cloud, and healthcare.