India, April 23 -- Coforge has announced the successful closure of its acquisition of Encora, marking a significant step in strengthening its AI-led engineering capabilities.
The company has also shelved plans to raise funds via QIP, opting instead for a $550 million three-year loan at a fixed interest rate of 4.6%, with repayments set to begin after six months.
Encora's financials will be consolidated into Coforge starting May 1, 2026, with FY27 results expected to reflect nearly eleven months of contribution. Integration efforts are progressing ahead of schedule, with anticipated cost synergies in general and administrative expenses estimated at 20–25%. Key leadership from Encora has been retained, with Vijay Verma joining as Seni...