Coforge Shares Slip Amid $1 Billion Encora Deal Talks & Fundraising Plans

• Coforge shares fell 0.77% in early trade, extending recent losses, due to investor caution.
• The slip is linked to reported talks for a $1 billion acquisition of US-based Encora and planned fundraising.
• Coforge's board will meet on December 26 to consider a fundraising proposal, drawing parallels to past acquisitions.
• A potential Encora deal could significantly boost Coforge's cloud, data, and engineering capabilities, expanding its global footprint.
• Despite market jitters, Coforge maintains strong growth, targeting a $2 billion revenue run-rate and 14% EBIT margin.

Why It Matters: Coforge shares dipped as investors weigh a potential $1 billion Encora acquisition and upcoming fundraising plans.