Coforge Eyes $1 Billion-Plus Acquisition, Board to Consider Fundraise

• Coforge is in advanced talks to acquire a global digital engineering company, potentially Encora, for over $1 billion.
• The acquisition aims to enhance Coforge's capabilities in cloud, data, and product engineering and expand its global footprint.
• Funding for the deal is expected to be a mix of debt and equity, with a board meeting scheduled for December 26 to discuss fundraising.
• This potential acquisition follows Coforge's recent Cigniti Technologies deal and aligns with its goal of reaching a $2 billion revenue run-rate.
• Despite strong financial performance, Coforge's shares have seen recent pressure following the fundraising announcement.

Why It Matters: Coforge plans a major $1B+ acquisition and fundraise to boost capabilities and revenue targets.