Coforge Fund Raise
Coforge Limited allotted 1,26,71,602 equity shares to Cigniti Technologies shareholders following their merger. This completes a key milestone in the amalgamation process.
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Coforge Limited allotted 1,26,71,602 equity shares to Cigniti Technologies shareholders following their merger. This completes a key milestone in the amalgamation process.
Coforge Limited allotted 3,68,96,613 and 5,68,99,895 equity shares to Encora Holdco Ltd and AI Altius Parent (Cayman) Limited, respectively. The allotment, totaling 21.83% of post-issue capital, was conducted via a preferential issue on April 23, 2026.
Coforge Limited allotted 9,37,96,508 equity shares at ₹1,815.91 per share on a preferential basis to Encora Holdco Limited and AI Altius Parent (Cayman) Limited. The transaction, valued at ₹17,032.60 Crore, was executed via a share swap arrangement. This issuance significantly increases the company's paid-up share capital from ₹67.17 Crore to ₹85.93 Crore.
Coforge Limited received in-principle approval for a preferential issue of 93,796,508 equity shares at INR 1,815.91 per share, totaling ₹17,032.60 Crore. The issuance supports the Encora acquisition, with closing formalities expected within 15 days. This milestone completes the regulatory review process for the transaction.