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COFORGE FUND RAISING
IT needs selectivity, not blind bargain hunting; Energy, defence and healthcare offer better opportunities: Gurmeet ChadhaMarket expert Gurmeet Chadha advises investors to be selective in the IT sector, despite attractive valuations, focusing on stock-specific ...
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...
Oyo readies market debut; IT's comeback rallyOyo's IPO plans are back on track after securing the regulator's nod. This and more in today's ETtech Top 5.
Rs 18 lakh crore wiped out: Has the brutal Indian IT stock crash finally bottomed?India's top IT companies have seen Rs 17.6 lakh crore wiped out in a multi-month bear market. Valuations are at levels not seen since the g...
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...
India to attract major share of EQT's $15.6-billion Asia fund: EQT India headEQT expects India to remain a top capital destination in its new Asia fund, with roughly one-third allocation historically. The firm sees s...
Razorpay eyes IPO; Sarvam's $1.5 billion leapHappy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
Rupee slide boosts IT; Gupshup’s valuation markdownThe rupee’s sharp slide could give IT firms a surprise Q4 bump. This and more in today’s ETtech Top 5.
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-Encora $2.3 bn deal; Zepto's IPO filingCoforge will acquire Silicon Valley-based Encora in one of Indian IT services’ largest-ever deals. This and more in today’s ETtech Top 5.
Coforge-Cigniti merger; Oyo acquires G6 HospitalityHappy Tuesday! Coforge and Cigniti Technologies move closer to a merger. This and more in today’s ETtech Morning Dispatch.
Global headwinds notwithstanding, FIIs, MFs raised bets on most IT stocks in Q2Of the top 10 listed software companies, mutual funds increased their holding in eight of them, while FIIs have done it in seven of them, s...
Promoter Baring PE offloads 3.5% stake in Coforge for Rs 887 croreThe private equity major, through its affiliate Hulst B.V., sold 21,50,000 shares of the software major at Rs 4,125.44 apiece, according to...
Baring PE sells 9.8% in Coforge, raises Rs 2,430 crAs on December 2022, Baring Private Equity held a 39.99% stake in the company through its firm HULST BV. The private equity firm acquired a...
Promoter Baring PE offloads 9.8% stake in Coforge for Rs 2,430 croreHulst B V sold 60,00,000 shares of Coforge at Rs 4,050 apiece through a bulk deal on the National Stock Exchange. This is a sharp discount ...
Coforge board approves proposal to raise Rs 375 crThe board has approved the fresh issuance of equity shares by the company for the purpose of capital raising, including by way of a deposit...
Coforge board to meet next week to consider raising fundsShares of Coforge closed at Rs 4,197.20 apiece, up marginally from its previous close on BSE.
Coforge raises Rs 340 crore via non-convertible bondsThe non-convertible bonds (NCBs) are proposed to be listed on the wholesale debt market (WDM) segment of BSE, Coforge said