The acquisition will be funded through an all-stock transaction; Coforge to issue preferential shares worth about $1.89 ...

Coforge to acquire AI firm Encora for USD 2.35 billion in an all-stock deal. Acquisition to boost AI & cloud capabilities.

New Delhi: IT services firm Coforge on Friday said it will acquire 100 per cent stake in Silicon Valley-based AI firm Encora for an enterprise value of USD 2.35 billion (about Rs 21,133 crore).

The enterprise value of the transaction is USD 2.35 billion, Coforge said in a regulatory filing.Coforge CEO and Executive Director Sudhir Singh said the acquisition establishes a scaled AI-led ...

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The stock is expected to be in sharp focus when the markets open on Monday, December 29. On Friday, shares of Coforge closed ...

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