Indian Tech Firm Coforge Expands with Big Buyout

Coforge, an Indian tech company, is making a big move. They're buying Encora for $2. 35 billion. This isn't cash changing hands, though. Instead, Coforge is offering shares in exchange for Encora. Encora's owners, like Advent International and Warburg Pincus, will get about 20% of Coforge. That's a lot of say in how the company runs. Coforge is giving out 93. 8 million shares. Each share is worth 1, 815. 91 rupees. That's a huge chunk of change.Why is Coforge doing this? They want Encora's skills. Encora is good at AI, data, and making products. Coforge thinks this will make them stronger. This deal isn't happening overnight. It'll take about six months to wrap up. That's a long time, but big deals like this take time. Is this a good move? Maybe. It depends on how well Coforge and Encora work together. But one thing's for sure: Coforge is betting big on this.