Coforge Limited announced a significant strategic move with the Board's approval for the acquisition of Encora US Holdco, Inc. and Encora Holdings Ltd. (Cayman) for an enterprise value of $2.35 billion. This acquisition will be executed through a share swap arrangement, involving the issuance of 9,37,96,508 equity shares of Coforge at a price of ₹1,815.91 per share, aggregating to a consideration of ₹17,032.60 crore (USD 1.89 billion). The company also approved raising capital of up to USD 550 million (₹4,560 crore approximately) through a Qualified Institutional Placement (QIP) or other permissible means. This capital raise is intended to retire a bridge loan facility. The acquisition is expected to position Coforge as a leader in AI-led engineering services, data, and cloud, creating a combined entity with a projected revenue of $2.5 billion. The deal is anticipated to close within 4 to 6 months, subject to shareholder and regulatory approvals. As part of the agreement, Coforge will grant special rights to the investors, including the appointment of two nominee directors on its Board. The company's authorized share capital will also be increased to ₹102 crore from ₹77 crore to accommodate the new share issuance. The Board has approved the issuance of a notice for postal ballot to seek shareholder approval for these key resolutions.