Coforge Limited announced on Monday that it has secured all regulatory approvals and statutory clearances across multiple jurisdictions for its acquisition of Encora, clearing the final procedural barrier before the deal closes. The company expects the two firms to formally merge by end of April 2026.

The acquisition, first announced on December 26, 2025, will create a combined entity operating at approximately $2.5 billion in annualised run rate revenue, with a $2 billion core built around AI-led engineering, data, and cloud services.

On the NSE, Coforge shares were trading at ₹1,220.00, down 0.35 per cent from the previous close of ₹1,224.30, as of 10.23 am today.

The stock opened at ₹1,212.30, touched a high of ₹1,222.70, and a low of ₹1,200.00 during the session. Total market capitalisation stood at ₹40,888 crore.

The stock has gained nearly 11.7 per cent over the past month but remains down about 26.5 per cent year-to-date. Its 52-week range spans ₹1,008.10 to ₹1,994.00, reflecting considerable volatility, with annualised volatility currently at 43.18 per cent.

The company stated that integration planning is on schedule. All senior leaders approached to stay post-merger have agreed to do so. A cost optimisation programme targeting General & Administrative functions is projected to deliver a 20–25 per cent reduction in G&A costs for the combined business within stated timelines.

Commercial and sales teams from both organisations are said to be ready to begin collaborative operations immediately after closing.

CEO Sudhir Singh said every element of anticipated synergies remains on course, and described the combined entity as moving into a higher orbit of growth built on AI-led engineering.

Coforge trades with a price-to-earnings ratio of 31.28.

Published on April 13, 2026