Coforge to acquire US-based Encora in $2.35-bn all-stock deal, board approves $550-mn fundraise
The acquisition will be executed through a share swap, under which Coforge will issue 93.8 million equity shares at Rs 1,815.91 apiece, implying a non-cash consideration of about Rs 17,032 crore. Encora shareholders will hold about 21.25 percent of Coforge’s post-issue equity capital. “Coforge’s acquisition of Encora will create a $2.5 billion Tech Services…