RBI gives approval to Coforge for overseas investment under FEMA rules
This story was originally published at 10:16 IST on 1 April 2026
Register to read our real-time news.Informist, Wednesday, Apr. 1, 2026
MUMBAI – The Reserve Bank of India has given approval to Coforge Ltd. for overseas direct investment of over $1 billion under Foreign Exchange Management (Overseas Investment) Rules, according to an exchange filing from late Monday. This clears a regulatory hurdle for Coforge to buy Encora entities for an equity value of $1.9 billion through a share-swap agreement.
"A few other regulatory approvals required in various jurisdictions are currently in their advanced stages of processing," the filing said. The company had got shareholders approval for the deal in February.
For the December quarter, Coforge reported consoldidated net profit of INR 2.50 billion on revenue of INR 41.88 billion. At 1007 IST, shares of the company traded at INR 1,182.60 on the National Stock Exchange, up more than 6%. End
Reported by Anshul Choudhary
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
