Coforge Receives RBI Approval for Encora Acquisition
Coforge Limited announced it has received approval from the Reserve Bank of India (RBI) for Overseas Direct Investment exceeding USD One Billion, related to the ongoing acquisition of Encora. The approval was received March 30, 2026, and follows previous regulatory approvals obtained January 28, 2026, and February 28, 2026.Prior approvals include Hart-Scott-Rodino (HSR) Antitrust Improvement Act clearance in the United States, shareholder approval via postal ballot for matters including Preferential Allotment, Debt Funding, and special rights under the Share Purchase Agreement to Advent, and competition related approvals in Australia.
Several other regulatory approvals in various jurisdictions are currently in advanced stages of processing, and Coforge will provide updates to the stock exchanges upon receipt. The acquisition is part of a transaction involving Encora US Holdco, Inc., Encora Holdings Ltd., Encora Holdco Ltd. (UK), and AI Altius Parent (Cayman) Limited.
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