Coforge CEO Defends $2.35B Encora Deal: "Didn't Overpay by Even a Cent"

• Coforge CEO Sudhir Singh asserts the $2.35 billion Encora acquisition was not an overpayment, calling it a deliberate long-term growth bet.
• The deal aims to build a $2 billion data, cloud, and AI core, aligning with evolving enterprise technology and creating a multi-year growth engine.
• Private equity sellers Advent International and Warburg Pincus opted for an all-stock transaction, rolling over their investment to hold 20-21% of Coforge, signaling long-term confidence.
• Coforge expects a 200 basis point margin expansion within the first year of integration, primarily from Encora's general and administrative expenses.
• Singh addresses ROCE decline, prioritizing growth and Total Shareholder Return (TSR) as the Encora deal is a strategic investment for future value.

Why It Matters: Coforge CEO defends Encora acquisition as a strategic long-term growth investment, not an overpayment.