Coforge To Buy Encora For Enterprise Value of US$ 2.35 Billion

Dec 26 (Reuters) - Coforge Ltd COFO.NS:

• COFORGE’S ACQUISITION OF ENCORA

• ISSUANCE OF EQUITY SHARES OF UP TO 170.3 BILLION RUPEES

• COFORGE’ S ACQUISITION OF ENCORA WILL CREATE AN $2.5BN TECH SERVICES POWERHOUSE

• APPROVED AUTHORIZATION TO RAISE CAPITAL BY WAY OF A QUALIFIED INSTITUTIONS PLACEMENT

• SIGNED A DEFINITIVE AGREEMENT TO ACQUIRE 100% SHARES OF ENCORA FROM ADVENT INTERNATIONAL

• ENCORA DEAL FOR ENTERPRISE VALUE OF US$2.35BLN

• ISSUE PRICE OF EQUITY SHARES AT THE PRICE OF 1,815.91 RUPEES

• ISSUANCE OF SHARES ON A PREFERENTIAL BASIS PURSUANT TO A SHARE SWAP ARRANGEMENT

• FUNDRAISING VIA QIP NOT EXCEEDING $550 MILLION APPROVED