Noida-based information technology (IT) firm Coforge said that it has executed a share subscription and share purchase agreement with Encora US Holdco and Encora Holdings.
The acquisition of the US-based Encora will benefit from a structural shift in global technology services demand, the company said.
The company had previously informed that the transaction is subject to several regulatory approvals across various jurisdictions, including the expiration or termination of any applicable waiting period(s) under the Hart-Scott Rodino Antitrust Improvements Act of 1976 (HSR Act) in the US.
“In this regard, we are pleased to inform you about a major development that the company has been granted approval under the HSR Act in the US ahead of the stipulated timeline of thirty days from the date of filing,” Coforge said in a filing to stock exchanges.
It said the Regulator has issued an early termination of the prescribed waiting period effective January 28, 2026. Further, the company has also filed other applications requiring regulatory approvals and we shall intimate the exchanges and members as and when we receive approvals from respective regulators in each jurisdiction.
Coforge said that the acquisition of US-based Encora would be a defining step in building a scaled, AI-led engineering and cloud services businesses.
Earlier this week, public shareholders had rejected the company’s decision to give private equity giant Advent International the right to nominate members on the Board’s audit, nomination, and remuneration panels.
This forced the company to remove these privileges, in an effort to woo shareholder approval to its proposed $2.4 billion buyout of the US analytics firm.
Shares of Coforge closed at ₹1,652.50 apiece on Friday, down 1.47 per cent from the previous close.
Published on January 30, 2026
