STARTUP/TECHNOLOGY
Coforge Closes Encora Acquisition; Drops QIP Plan, Raises $550 Mn Loan
Coforge, an AI-native engineering services company, has announced the successful closure of the Encora acquisition. The firm also shared that it has cancelled all plans of doing a QIP to support the purchase since it has secured a $550 million three-year loan at a 4.6% fixed interest rate. The repayment terms warrant the first payment […]
