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The latest update is out from Coforge Limited ( (IN:COFORGE) ).
Coforge’s board has approved a facilities agreement to raise up to USD 550 million in secured loans, backed by charges over certain present and future company assets, to fund the Encora US Holdco and Encora Holdings acquisition structure and preserve financial flexibility for growth. The company also completed the Encora acquisition and allotted 93.8 million equity shares on a preferential, share-swap basis to Encora Holdco Limited and AI Altius Parent (Cayman) Limited, significantly increasing its paid-up capital and cementing the strategic transaction that deepens Coforge’s footprint and scale in the technology services space.
More about Coforge Limited
Coforge Limited is an India-headquartered IT services and digital solutions company, operating from hubs in Greater Noida and Gurugram and listed on BSE and NSE. The company focuses on technology-led services for global clients, and is expanding its capabilities and scale through strategic acquisitions and structured funding arrangements.
Average Trading Volume: 185,229
Technical Sentiment Signal: Buy
Current Market Cap: 432.3B INR
For an in-depth examination of COFORGE stock, go to TipRanks’ Overview page.