Coforge has secured in-principle approval from stock exchanges for the listing of 93,796,508 equity shares, each valued at ₹2, issued on a preferential basis. This development follows the company’s previous announcement on April 23, 2026, regarding the allotment of these shares.
The company had earlier executed a Share Subscription and Share Purchase Agreement with Encora US Holdco, Inc. and Encora Holdings Ltd., which was contingent upon receiving various regulatory approvals. On April 10, 2026, Coforge announced it had received in-principle approval for the preferential issue from the stock exchanges.
With this latest approval on May 22, 2026, Coforge has proceeded to file the necessary corporate action with depositories to credit the equity shares to the demat accounts of the respective allottees. This step marks a significant milestone in Coforge’s strategic transactions with the target companies.
The company has also confirmed that this information will be made available on its official website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).