Coforge Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Coforge announced the successful closure of the Encora acquisition that was announced in December 2026.

The firm also shared that it has cancelled all plans of doing a QIP to support the purchase since it has secured a USD 550 Million three-year loan at 4.6% fixed interest rate. The repayment terms warrant the first payment six months from now.

Consolidation of Encora financials into Coforge will be done effective 01 May 2026. Hence Coforge FY'27 results will reflect eleven months of impact from Encora operations.

The board of Coforge at its meeting held on 23 April 2026 has approved the following :

The second amendment agreement to the share subscription and share purchase agreement between Coforge, Encora US Holdco, Inc. and Encora Holdings (collectively, the  target companies), Encora Holdco and AI Altius Parent (Cayman) (collectively, the investors).

The  second amendment agreement records the revised terms in relation to inter alia clarification of the timing and manner of funding the target companies by the company (or its group companies).

Further, the board approved availing of a loan facility of up to USD 550 million to be secured by charge over certain assets of the company.

The board also approved the allotment of 9,37,96,508 fully paid up equity shares of face value of Rs 2 each to Encora Holdco and AI Altius Parent (Cayman) at a price of Rs 1,815.91 per share for an aggregate value of Rs 17,032.60 crore. With this allotment, the company has completed the acquisition of Encora US Holdco, Inc. and Encora Holdings.

The board also approved the infusion of funds into Encora US Holdco, Inc.(subscription amount of USD 280 million) and Encora Holdings (subscription amount of USD 270 million) aggregating to Rs 550 million.

The board approved the appointment of  Shweta Jalan (DIN: 00291675) and Atin Hirachand Jain (DIN: 08948630) as Additional Directors (Non-Executive Directors) on the board of the company with effect from 23 April 2026.

Coforge announced two new AI-native solutions- Voyager.AI and FlightFlex.AI for airlines worldwide.

Voyager.AI enables airlines to activate 1-1 personalized offers and experiences throughout the customer journey using real time data and AI driven decisioning.

FlightFlex.AI is a unified, AI led approach to disruption recovery solution which combines real time decisioning, contextually optimized automated rebooking, and provides proactive passenger communication.

These two purpose-built AI solutions address some of airlines' most pressing operational and commercial challenges; from disruption recovery to real-time 1-1 passenger engagement enhancing customer experience, positively impacting loyalty, and generating operational efficiency.

Coforge announced the resignation of Anup Kumar ? EVP & Head M&A (SMP) and Manish Hemrajani - Head of Investors Relations with effect from 18 April 2026.