Coforge backs $2.35B Encora deal with 94M shares and $550M loan
Coforge will acquire Encora for $2.35 billion, issuing about 94 million new shares to Advent International and Warburg Pincus, and securing a three‑year $550 million bridge loan. The financing gives Coforge AI, data and product‑engineering assets while diluting existing shareholders, positioning it for a scale‑up in the Indian IT market.