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Coforge faces execution test
Mint Hyderabad
|December 30, 2025
Pricey bet Coforge's acquisition of Encora at 3.9x EV/sales is slightly higher than deals struck by its peers in 2025.
The AI battleground is heating up. Tier-IIIT services firm Coforge Ltd has become the latest Indian player to join its peers in the acquisition spree sweeping the sector. On Friday, the firm announced the purchase of US-based engineering and AI-led services firm Encora at an enterprise value of $2.35 billion from Advent International, Warburg Pincus and other minority shareholders.
The all-stock deal will bring Advent and Warburg Pincus onto Coforge’s board, a move that could bolster its fundraising prospects. Coforge will issue shares worth $1.89 billion to Encora’s shareholders at ₹1,815 apiece, and may raise $550 million via a qualified institutional placement or a bridge loan to retire Encora’s term debt.
यह कहानी Mint Hyderabad के December 30, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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