Coforge will acquire US company Encora, when will the AI ​​deal worth crores be completed? Investors will keep an eye on stocks on Monday – Market

Coforge-Encora Deal: Coforge has announced a big bet in the field of Artificial Intelligence (AI). This information technology (IT) services company will acquire 100 percent stake in American engineering services company Encora at an enterprise value of $ 2.35 billion (approximately Rs 21,133 crore). This deal will be done through share swap. Source

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Coforge acquired for Rs 21,133 crore! US company to buy Encore under all-stock deal – FULL Details – Markets

Under this, 9,37,96,508 new equity shares will be issued to existing Encora investors at a price of Rs 1,815.91 per share in exchange for their stake in the target companies. The board has given special rights including preferential issue of these shares to non-promoter investors, board and committee nomination to incoming investors and also a…

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