Coforge Limited to Allot Equity Shares Following Exchange Approval for Preferential Issue
Coforge Limited announced that it will proceed with the issuance and allotment of 93,796,508 Equity Shares on a preferential basis following approval received from the stock exchanges.The company confirmed that this action follows a share subscription and share purchase agreement executed with Encora US Holdco, Inc. and Encora Holdings Ltd., which are collectively referred to as the Target Companies. The transaction was previously reported by the company on December 26, 2025.
With the regulatory review process for the Encora acquisition now marked by successful completion, Coforge Limited stated that it will allot the shares of ₹2 each at a price of INR 1,815.91 per share.
The company plans to finalize all closing formalities within the next 15 days.
COFORGE Stock Price Movement
Coforge Limited shares today slipped by 3.31% to close at ₹1224.3, shedding ₹41.90 from its previous close. The stock settled after trading volume reached 4.07 million shares.Source:
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