Coforge Eyes US-based Encora for $1B+ Deal; Shares Drop 4%

• Coforge is in talks to acquire US-based digital engineering firm Encora for over $1 billion.
• Encora specializes in cloud-native applications, data engineering, and platform modernization, with a strong North American presence.
• Coforge's board is meeting on December 26 to consider a fund-raising proposal, likely for the acquisition.
• Coforge shares fell by approximately 4% on December 26 following the news.
• Encora was previously acquired by Advent International in 2021 for $1.5 billion from Warburg Pincus.

Why It Matters: Coforge plans a major acquisition of Encora, impacting its stock and future growth strategy.