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Coforge rises on securing all regulatory approvals, statutory clearances for ‘Encora’ acquisition

13 Apr 2026 Evaluate

Coforge is currently trading at Rs. 1228.30, up by 4.25 points or 0.35% from its previous closing of Rs. 1224.05 on the BSE.

The scrip opened at Rs. 1217.40 and has touched a high and low of Rs. 1231.00 and Rs. 1200.00 respectively. So far 56161 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1994.00 on 08-Jul-2025 and a 52 week low of Rs. 1008.50 on 17-Mar-2026.

Last one week high and low of the scrip stood at Rs. 1283.50 and Rs. 1200.00 respectively. The current market cap of the company is Rs. 41193.93 crore.

The Institutions and Non-Institutions held 88.20% and 11.80% stake in the company respectively.

Coforge has secured all the regulatory approvals and statutory clearances in multiple jurisdictions for the acquisition of ‘Encora’. The integration management office continues to track workstreams across all functional areas, and the company is on course to meet its stated integration milestones. Besides, all the senior leaders that the company has asked to stay have accepted the offer. Furthermore, the cost optimization program targeting General & Administrative (G&A) functions is progressing on track. With detailed workplans and governance structures established, the company remains confident in achieving its margin guidance as its cost optimization plan is expected to deliver 20% to 25% reduction in G&A costs for the combined business within the projected timelines.

The front-end commercial and sales teams of both organizations are ready to commence collaborative operations immediately post-closing. The early commencement of these activities reflects the company's confidence in the strategic rationale of the transaction and its commitment to delivering value to shareholders at the earliest opportunity. 

Earlier in December 2025, the company had signed definitive agreements to acquire Encora. Encora is one of the select tech services firms founded with an AI native DNA providing engineering services to Fortune 1000 enterprises and digital-native companies. 

Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.

Coforge Share Price

1231.40 7.35 (0.60%)
13-Apr-2026 16:59 View Price Chart
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