Archive · 30 Jan 2026
Coforge Completes Key Approval for Encora Acquisition
Coforge, an Indian IT company, is buying a US company called Encora.
They just got an important approval from the US government to go ahead with the deal.
This approval came earlier than expected, which is good news.
The deal is worth $2.4 billion.
Earlier, the company's shareholders had some concerns about giving too much power to a private equity firm, but those issues were resolved.
The company's stock price was ₹1,652.50 on January 30, 2026.
This acquisition is a big step for Coforge to grow its business in AI and cloud services.
Coforge received HSR Act approval for its acquisition of Encora ahead of schedule.
The approval was granted on January 28, 2026, earlier than the 30-day timeline.
The acquisition is part of Coforge's strategy to expand its AI-led engineering and cloud services businesses.
Coforge had to remove certain privileges given to private equity firm Advent International after shareholder rejection.
The transaction is valued at $2.4 billion.
- Who
- Coforge, a Noida-based IT firm, and Encora, a US-based company
- What
- Coforge has received HSR Act approval for its acquisition of Encora
- When
- The approval was granted on January 28, 2026
- Where
- The approval pertains to the US regulatory process
- Why
- To facilitate the acquisition of Encora and expand Coforge's AI-led engineering and cloud services businesses
- Company
- Coforge
- Acquisition Target
- Encora
- Approval Received
- HSR Act approval
- Approval Date
- January 28, 2026
- Transaction Value
- $2.4 billion
- Share Price
- ₹1,652.50 (as of January 30, 2026)