Coforge Limited has issued a clarification statement regarding speculative news reports while also providing corrections to its preferential share allotment disclosure details. The IT services company addressed media speculation and updated shareholding information for strategic investors.

Clarification on Speculative News Reports

Coforge issued an official statement on December 26, 2025, addressing speculative news items that appeared on Moneycontrol. The company clarified that the referenced news was premature and not based on any official information or communication from the company.

The company confirmed that prior to the publication of the news, there was no event or development that obligated disclosure to stock exchanges under Regulation 30 of SEBI Listing Regulations. All relevant disclosures were made following the conclusion of the Board meeting on December 26, 2025.

Disclosure Correction for Preferential Issue

Coforge has issued an important correction to its earlier Board Meeting outcome disclosure regarding the preferential share allotment. The correction specifically addresses Part 4 of Annexure C under the "Preferential Issue of Equity Shares" section, revising post-merger shareholding details for strategic investors.

The company clarified that all other details regarding the preferential allotment remain unchanged, with the correction focusing solely on post-merger shareholding calculations.

Major Preferential Share Allotment

The centerpiece of the postal ballot involves a substantial preferential share issuance worth ₹1,703.26 crores. The company proposes to allot equity shares to two strategic investors through a share swap arrangement.

The issue price has been determined at ₹1,815.91 per equity share, including a premium of ₹1,813.91, based on SEBI ICDR Regulations pricing formula.

Corporate Communication

The clarification statement was signed by Barkha Sharma, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited. The company emphasized its commitment to transparent communication and regulatory compliance.

Coforge Limited has released a comprehensive investor presentation analyzing the earnings per share (EPS) impact and financial projections for its $2.35 billion acquisition of Encora. The presentation, submitted under Regulation 30 on December 28, 2025, demonstrates that the transaction will be EPS accretive and provides detailed pro forma financials for the combined entity.

EPS Accretive Transaction Analysis

The investor presentation reveals that the Encora acquisition will enhance Coforge's earnings per share, with the combined entity expected to generate stronger financial performance. The transaction is projected to close around Q1 FY27, with the presented financials being pro forma in nature.

Updated Shareholding Structure and Share Capital

The presentation provides detailed calculations for the post-closing share capital structure, including the impact of potential QIP funding for retiring Encora's term loan. The preferential issuance price to Encora sellers is set at ₹1,815.91 per share, representing an 8.50% premium to the closing price of ₹1,674 as of the signing date.

Encora's Financial Profile and Strategic Value

Encora brings significant strategic value with its AI-native capabilities and strong financial metrics. The company operates with a unique distributed delivery model, maintaining approximately 9,100 global workforce across 20 countries with 33 innovation labs.

AI-Led Engineering Capabilities and Market Position

The acquisition positions the combined entity as a US$2.50 billion technology services powerhouse with enhanced AI capabilities. Encora's AIVA platform and AI-first approach complement Coforge's existing capabilities, creating 45 client relationships above US$10 million in size.

The comprehensive investor presentation underscores the strategic rationale behind the Encora acquisition, demonstrating clear EPS accretion and enhanced capabilities in AI-led digital engineering. With detailed financial projections and shareholding structures now disclosed, the transaction represents a transformative step for Coforge in establishing scaled AI-native engineering capabilities in the competitive technology services market.