New Delhi, Dec. 26 -- IT services company Coforge Board has approved the acquisition of California-based Encora for $2.35 billion in a share swap agreement, the company informed the exchanges on Friday, 26 December 2025.

According to the agreement, Coforge will issue 93.8 million equity shares at Rs.1,815.91 apiece, implying a non-cash consideration of about Rs.17,032 crore.

"9,37,96,508 fully paid up equity shares of the Company having a face value of Rs.2 shall be created, issued, offered and allotted to the Investors at a price of Rs.1,815.91 per Equity Share, which includes a premium of Rs.1813.91 per Equity Share, aggregating up to a consideration of Rs.1,70,32,60,16,842," Coforge said.

Following the acquisition, Encora shareholde...