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ENCORA ACQUISITION
Coforge Q1 Results: Profit soars 63% to Rs 519 crore driven by Encora acquisition, AI-led services demandCoforge reported a remarkable 63.3 percent increase in profits for the June quarter, driven by the recent acquisition of Encora and a surge...- Coforge secures over $230 million AI transformation contractCoforge announced a significant five-year contract valued over $230 million. This AI-led transformation engagement is with a major European...
- In key structural shift, debt becomes the big new vehicle as Indian IT goes deal-shoppingIndian IT firms are increasingly embracing debt financing for major acquisitions, a departure from their traditional debt-free approach. Th...
- Coforge shares jump over 2% as firm eyes $5 billion revenue by FY30. Why Nomura, others see up to 50% upside?Coforge shares saw a rise after the company projected $5 billion in revenue by FY30. This ambitious target is fueled by strong organic grow...
- Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...
- IT firms spend big on acquisitions as AI hits growthIndian IT companies are buying smaller companies to boost growth. Acquisitions are happening due to AI's impact on pricing and organic grow...
- IT stocks rally as AI deals, valuations draw investorsIndian IT stocks saw a significant surge on Monday, outperforming the broader market. The Nifty IT index reached its highest point since Ap...
- Coforge completes Encora acquisition; secures $550 million loan, drops QIP planCoforge has completed the acquisition of Silicon Valley-based AI firm Encora for an enterprise value of $2.5 billion. To fund the transacti...
- Coforge M&A Head Anup Kumar, Investor Relations chief resignCoforge has announced the immediate resignation of Executive Vice President Anup Kumar and Head of Investor Relations Manish Hemrajani. Kum...
- RBI approves $1 billion overseas direct investment by Coforge for Encora acquisitionCoforge received RBI approval for an overseas investment exceeding $1 billion to complete its $2.35 billion acquisition of US AI firm Encor...
- IT firms push M&A deals to cover AI’s revenue impactWhile the capital deployment is aggressive, Karan Uppal, vice-president of Phillip Capital, highlighted that from a revenue contribution pe...
- Coforge–Encora deal likely to be long-term positive: AnalystsCoforge's acquisition of Encora is seen as a transformative, high-stakes deal strengthening long-term capabilities but creating near-term p...
- Encora buyout widens healthcare, high-tech play for Coforge: Rahul JainCoforge's acquisition of Encora significantly boosts its revenue by over 30% and strengthens its position in healthcare and high-tech verti...
- Coforge shares rally over 2% after $2.35 billion Encora deal. Should investors buy the stock now?Coforge rose after it announced a $2.35 billion acquisition of US-based AI firm Encora.
- Coforge shares in focus on announcing $2.35 billion acquisition of AI firm EncoraCoforge is set to be in focus after announcing a $2.35 billion acquisition of AI firm Encora to boost its artificial intelligence capabilit...
- Will Encora acquisition cement Coforge’s AI leadership in healthcare and hi-tech?Coforge is acquiring California-based Encora for $2.35 billion, bolstering its AI capabilities in healthcare and hi-tech, and expanding its...
- Coforge to acquire US-based Encora in $2.35 billion dealIT services provider Coforge said on Friday it would acquire US-based Encora from Advent International at an enterprise value of $2.35 bi...
- Advent International acquires Encora Digital from Warburg PincusAccording to the terms of the Advent-Encora deal, Warburg Pincus will retain a minority stake in Encora Digital while Advent International ...
- Advent to acquire Encora for $1.5 billionWhile Warburg owns 80% of the company, the rest is held by founder Venu Raghavan and the management.
- Encora Group and Meritos merge opsEncora Group and Meritos Technologies have merged their operations looking at deriving the benefits of scale in addressing the global outso...
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