Coforge Limited announced a significant strategic acquisition of Encora US Holdco, Inc. and Encora Holdings Ltd. (Cayman) for an enterprise value of $2.35 billion (approximately ₹17,032.60 crore). The acquisition will be executed through a share swap arrangement, involving the issuance of 9,37,96,508 Coforge equity shares at ₹1,815.91 per share to the investors, Encora Holdco Ltd. (UK) and AI Altius Parent (Cayman) Limited. This transaction is expected to create a $2.5 billion tech services powerhouse, positioning Coforge as a leader in AI-led engineering services. In conjunction with the acquisition, Coforge also approved raising funds not exceeding $550 million (approximately ₹4,570 crore) through a Qualified Institutional Placement (QIP) or other permitted means. This capital raise is intended to retire a term loan within Encora Group. The Board of Directors also approved amendments to the company's Articles of Association to incorporate special rights for the investors, including the appointment of two nominee directors to the Coforge Board and one nominee director to the audit and nomination & remuneration committees. Furthermore, the company's authorized share capital will be increased from ₹77 crore to ₹102 crore to facilitate these transactions. The acquisition is anticipated to be completed within 4 to 6 months, subject to shareholder and regulatory approvals, including from the Reserve Bank of India and US authorities. The deal is not expected to be EPS dilutive due to anticipated synergies and a strong margin profile of the combined business. The consolidated turnover of Encora for FY24 was $481 million and for FY25 was $516 million, with a projected turnover of $600 million for FY26E.