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Coforge completes Encora buyout with 550 million fixed rate loan and scraps its QIP plan
Business
Published on 24 April 2026
A 4.6% fixed loan replaces Coforge’s planned QIP
Coforge has officially completed its acquisition of Silicon Valley AI firm Encora for an enterprise value of $2.5 billion. Instead of proceeding with its planned QIP, the company funded the deal through a three-year $550 million loan facility at a fixed 4.6% interest rate. The move reshapes how the payment risk and cost will sit on its balance sheet.
- Coforge completed Encora acquisition at $2.5 billion enterprise value
- Deal funded via $550 million three-year loan facility at 4.6% fixed rate
- Company has dropped its QIP plan
- Acquisition strengthens Coforge’s AI capabilities
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times