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Coforge board meeting outcome announcements

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07:44 IST NSE
Board Meeting OutcomeCoforge Ltd COFORGE

Coforge Board Meeting Outcome

Coforge Limited's board approved a $550 million (₹5115.00 Crore) loan facility to fund the acquisition of Encora entities. The company also allotted 9,37,96,508 equity shares on a preferential basis to Encora Holdco and AI Altius Parent for ₹17,032.60 Crore. Additionally, Shweta Jalan and Atin Hirachand Jain were appointed as Additional Directors.

Value
₹5,115 Cr
Execution
3 years