Coforge to acquire Encora US in a $2.35 Bn deal to boost AI portfolioCoforge to acquire Encora US in a $2.35 Bn deal to boost AI portfolio

Introduction

Leading Indian IT services firm announced acquisition of AI company Encora for $2.35 billion to enhance artificial intelligence capabilities and expand operations in the U.S. and Latin America markets.

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Share price movement of Coforge

On December 29, 2025, Coforge Ltd opened at ₹1,702.00, up 1.70% from its previous close of ₹1,673.25. The stock reached a high of ₹1,715.00 (2.51%) and a low of ₹1,638.00. By 10:48 AM, it traded at ₹1,667.30, down 0.36%, with a market capitalization of ₹55,861.52 crore.

Coforge to Acquire AI Firm Encora

Coforge announced its acquisition of AI firm Encora for an enterprise value of $2.35 billion to strengthen in-house AI capabilities and expand presence in the U.S. and Latin America.

Encora, backed by Advent International and Warburg Pincus, provides AI solutions for product, cloud, and data engineering. Coforge expects $2 billion in annual revenues by March 2027.

The acquisition will operate at a 14% EBIT margin and is anticipated to be EPS accretive by fiscal 2027. Coforge plans to fund $1.89 billion equity via preference shares issuance.

Encora shareholders will receive 20% stake in the combined firm. The deal is expected to close in four to six months, with Coforge strengthening presence in U.S. and Latin America.

Stock performance of Coforge for Period of 1 week, 6 months, and 1 year

Coforge Ltd declined 10.5% over the past week, fell 13.1% in the past six months, and dropped 11.5% over the past one year.

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Shareholding pattern of Coforge

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	0.00%	0.00%	0.00%
FII	34.10%	37.40%	40.20%
DII	54.90%	52.30%	49.90%
Public	11.00%	10.30%	9.90%

About Coforge

Coforge Ltd (NSE: COFORGE) is an IT services company providing end-to-end software solutions, serving global clients like British Airways and ING, with subsidiaries across the US, Europe, and Asia for project delivery.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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