Coforge Shares Secures $2.35 Billion͏ ͏Encora Acquisitions De͏al 

Mumbai, 29 December 2025: Shares of Coforge Ltd (NSE: COFORGE) were trading higher Monday midday after the company announced a $2.35 billion all-stock acquisition of US engineering and AI services provider Encora. As of 1:41 pm IST, on the NSE, Coforge’s stock price was at ₹1,679.80 up ₹6.50 or 0.39%. The share opened at ₹1711, reached a day high of ₹1714.70 and a day low of ₹1637.10. The market cap of Coforge was ₹10.39 thousand crore, corresponding to a price-to-earnings ratio of 48.59. 

The modest rise in ͏Co͏forge stock price was attributable to investors responding to the size and type of the acquisition. The company said the ͏deal would be made in an all-share transaction, with no money changing hands. 

$17,032 Crore Share Swap Expands Equity Base by͏ 21.25% a͏s Encora  

Pursuant to the arrangement, Coforge shall issue 93.8 million equity shares at a deemed price of ₹1,815.91 per equity share aggregating to a gross consideration of approximately ₹17,032 crore. After the issuance, Encora shareholders will hold approximately 21.25% of the total diluted share capital of Coforge. The deal makes Coforge a bigger global technology services company with pro forma revenue of about $2.5 billion, according to the company’s regulatory filing. 

Deal to Strengthen Coforge’s Expertise 

Coforge said the acquisition would enhance its engineering, artificial intelligence (AI), cloud and data services capabilities, especially for large enterprise customers. After its board meeting, the company stated the merger will establish a “$2.5 billion technology services organization with scale across AI-led engineering, cloud and data services to deliver enterprise-grade AI solutions.” 

Encora, a digital engineering and AI-led software product development company, has stated that organic revenue growth has been in the range of 7-10% for the past two years. 

References: https://www.nseindia.com/get-quote/equity/COFORGE/Coforge-Limited 

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