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Graphic of the day: Billion-dollar tech bet

Coforge’s $2.35 billion Encora buyout anchors a record-breaking 2025 for Indian IT acquisitions and AI-led growth

By Samreen Wani
Last Updated: Dec 29, 2025, 16:07 IST1 min
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Coforge’s $2.35 billion acquisition of Encora is a definitive strike in the AI arms race. This all-stock deal anchors a massive year for IT M&A, aiming to create a $2 billion powerhouse. This landmark deal, the largest ever by an Indian mid-tier firm, anchors a record year for IT acquisitions.
Coforge’s $2.35 billion acquisition of Encora is a definitive strike in the AI arms race. This all-stock deal anchors a massive year for IT M&A, aiming to create a $2 billion powerhouse. This landmark deal, the largest ever by an Indian mid-tier firm, anchors a record year for IT acquisitions.

First Published: Dec 29, 2025, 16:58

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