RBI approves $1 billion overseas direct investment by Coforge for Encora acquisition
Published on: March 31, 2026, 11:48 a.m. | Source: The Economic Times
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 operate at a 14% margin.
