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RBI approves $1 billion overseas direct investment by Coforge for Encora acquisition

  • March 31, 2026

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Synopsis Coforge received RBI approval for an overseas investment exceeding $1 billion to complete its $2.35 billion acquisition of US AI firm Encora. The combined business is expected to generate $2 billion revenue by 2027, be EPS accretive, and ope...

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RBI approves $1 billion overseas direct investment by Coforge for Encora acquisition