Coforge Shares Dip 2% After Announcing Rs 21,133 Cr Encora Acquisition

• Coforge shares fell 2% after announcing the acquisition of US-based AI firm Encora for $2.35 billion (Rs 21,133 crore).
• The acquisition is an all-stock transaction, with Coforge issuing $1.89 billion in preferential shares to Encora's shareholders.
• Encora's current shareholders, including Advent International and Warburg Pincus, will hold a 20% stake in Coforge post-acquisition.
• The deal aims to create a $2.5 billion tech services powerhouse, projecting $2 billion in revenue from AI-led engineering, data, and cloud services by FY27.
• A bridge loan or QIP of up to $550 million will be used to retire Encora's existing debt.

Why It Matters: Coforge's $2.35B Encora acquisition led to a 2% share drop, but aims for a $2.5B tech powerhouse.