Coforge Limited has announced the approval of a significant loan facility amounting to USD 550 million, aimed at bolstering its strategic expansion plans. This decision was made during the company’s board meeting held on April 23, 2026.
The loan facility, which will be sourced from banks, financial institutions, and other lenders, is intended to support the company’s funding structure. It is proposed to be secured by a charge over certain assets of the company, with terms and conditions to be finalised upon the execution of a facilities agreement dated April 23, 2026.
In addition to the loan facility, Coforge‘s board approved several key initiatives. Among them is the creation of hypothecation, mortgage, pledge, and/or charge on the company’s properties. This move is designed to ensure sufficient financial flexibility for future growth and operational needs. The creation of this charge is also to secure the aforementioned loan facility, subject to shareholder approval under Section 180(1)(a) of the Companies Act, 2013.
Furthermore, the board has approved the allotment of 9,37,96,508 equity shares on a preferential basis as part of a share swap arrangement. These shares, valued at ₹1,815.91 each, are to be allotted to Encora Holdco Limited and AI Altius Parent (Cayman) Limited, amounting to a total consideration of ₹1,70,32,60,16,842.
Additionally, Coforge has completed the acquisition of Encora US Holdco, Inc. and Encora Holdings Limited, in line with the Share Subscription and Share Purchase Agreement (SSPA) executed on December 26, 2025. The board also approved the subscription to shares of these entities, involving an infusion of USD 550 million in total, divided between the two companies.
These strategic moves reflect Coforge’s commitment to expanding its operational capabilities and enhancing its financial strength to support future business objectives.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).