Coforge Acquires Silicon Valley AI Firm Encora for $2.35 Billion

• Coforge Ltd announced the acquisition of US-based AI solutions company Encora for $2.35 billion (enterprise value).
• The acquisition will be executed via a share swap, with Coforge issuing 93.8 million equity shares valued at ₹17,032 crore.
• Encora's shareholders will hold approximately 21.25% stake in Coforge's post-issue equity capital.
• Encora, a Silicon Valley tech company, specializes in AI-driven engineering, cloud, and data services for Fortune 1000 firms.
• This move strengthens Coforge's high-tech and healthcare operations, enhancing its position in AI, cloud, and data engineering.

Why It Matters: Coforge's $2.35 billion acquisition of Encora boosts its AI, cloud, and data engineering prowess.