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Coforge today announced that it has signed definitive agreements to acquire Encora, an AI‑native firm born in the Silicon Valley with deep strengths across AI‑driven engineering underlaid by Cloud and Data. The transaction is subject to customary closing conditions and regulatory approvals. Encora is one of the select tech services firms founded with an AI‑native DNA providing engineering services to Fortune 1000 enterprises and digital-native companies. The firm operates at the convergence of AI, Cloud and Data, with capabilities spanning Intelligent Process Design, Agent‑Native Product Engineering, Core Modernization, AI Foundation, Data Readiness, and AIOps. Encora has built one of the industry's first composable agentic AI platforms ' AIVATM, and has deep partnerships with AWS, Microsoft, Google and Snowflake. Coforge' s acquisition of Encora will create a ~US$2.5Bn tech services powerhouse wherein AI-led engineering + Data + Cloud services alone are likely to deliver US$2Bn revenue in FY'27. AI led product engineering business is likely to be a US$1.25 Bn+ business, Cloud services a ~US$500Mn business, and Data engineering a ~US$250Mn+ business for the firm. Furthermore, Hi-Tech and Healthcare industry verticals of Coforge are expected to reach material scale immediately post-acquisition. They will both individually operate at an annualized US$170Mn+ revenue run rate. The acquisition will reposition Coforge as a player with scaled near-shore delivery capability in LATAM with an exceptional engineering and AI Talent base of 3100+ SMEs servicing US Clients. It will significantly expand the West and Mid-West US client footprint of Coforge, which pre-acquisition contributed only 25% to its US Geo revenues. The combined firm will have forty-five US$10Mn+, highly scalable relationships. Given its exceptional track record of making acquisitions successful, Coforge believes that it will materially and expeditiously scale up these client relationships. Encora's FY26E revenue is US$600Mn with an Adjusted EBITDA margin of ~19%. Coforge will acquire the business from Advent, Warburg Pincus and other minority shareholders for an Enterprise Value of US$2.35Bn. The transaction will be funded through a preferential allotment of equity shares representing an equity value of approximately US$1.89Bn, pursuant to which Encora shareholders will hold approximately 20% of the expanded share capital of Coforge upon completion of the transaction. The combined business is expected to operate at an EBIT margin of 14% and the acquisition is expected to be EPS accretive in FY27. 'The Encora acquisition is a defining moment for our organization. It establishes a scaled AI-led engineering capability moat for the firm underpinned by capabilities to help create enterprise data cores and cloud foundations purpose built for AI. The new US$2.5Bn firm, with a US$2Bn enterprise core of AI-led Engineering, Data and Cloud services, will set the benchmark on making the promise of AI real for enterprises. Over the last eight years Coforge has delivered industry leading growth on the back of its execution excellence, hyperspecialized industry expertise and a perfect track record of making every acquisition very successful. With this augmented enterprise AI led engineering core we believe that our growth will get further accelerated and move to an even higher orbit.' said Sudhir Singh, Chief Executive Officer and Executive Director, Coforge. Powered by Capital Market - Live

Great Eastern Shipping Company (G E Shipping) has contracted to sell its 2002 built Very Large Gas Carrier, Jag Vishnu of about 77,922 cbm on 26 December 2025 to an unaffiliated third party. The vessel will be delivered to the new buyer in Q4 FY26. Including Jag Vishnu, the company's current owned fleet stands at 39 vessels, comprising 25 Tankers (5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 2 Supramax) aggregating 3.17 Mn dwt. Additionally, the company has contracted to buy one secondhand Very Large Gas Carrier, one secondhand Ultramax Dry Bulk Carrier and sell one Kamsarmax Dry Bulk Carrier 'Jag Aarati'. These purchase and sale transactions are expected to be completed in Q4 FY26. Powered by Capital Market - Live

The board of Coforge at its meeting held on 26 December 2025 has approved the execution of a share subscription and share purchase agreement (SSPA) by the Company with Encora US Holdco, Inc. and Encora Holdings (Cayman) (Target Companies), Encora Holdco (UK) and AI Altius Parent (Cayman) (Investors), in relation to acquisition of the Target Companies' shares from the Investors (Proposed Acquisition), in a share swap arrangement with the Company, whereby 9,37,96,508 fully paid up equity shares of the Company having face value of Rs 2 each shall be created, issued, offered and allotted to the Investors at a price of Rs 1,815.91/- per equity share (which includes a premium of Rs 1813.91) (Issue Price), aggregating up to a consideration of Rs 17,032.60 crore, in accordance with the SSPA. The board approved the issuance of equity shares of the Company on a preferential basis pursuant to a share swap arrangement. The board also approved increase in authorised share capital from Rs 77 crore to Rs 102 crore. Further, the board approved raising of funds by way of issuance of such number of equity shares having face value of Rs 2 each of the Company (equity shares) and / or other eligible securities or any combination thereof (hereinafter referred to as 'Securities'), for an aggregate amount not exceeding USD 550 Mn or an equivalent amount thereof by way of qualified institutional placement (QIP) or other permissible modes in accordance with the applicable laws. The Board considered and granted the approval for the increase in limits under section 186 of the Companies Act, 2013 for the purpose of: (i) acquiring shares of the Target Companies pursuant to a share swap arrangement for a consideration of Rs 17,032.60 crore ; and (ii) providing guarantees for a bridge loan of up to USD 550 Mn in a Company's overseas subsidiary (if required). Powered by Capital Market - Live

UTI Asset Management Company has allotted 60,673 equity shares under ESOS on 25 December 2025. With this allotment, the paid up equity share capital has increased to Rs 1,28,51,72,030 (12,85,17,203 equity shares of face value of Rs 10 each).Powered by Capital Market - Live

Indian equity markets head into the holiday-shortened week with consolidation dominating sentiment, as the Nifty50 and Sensex trimmed weekly gains amid profit-taking and thin year-end trading volumes. Benchmarks rose marginally over the week but saw profit booking at record highs, reflecting investor caution in the absence of fresh catalysts. The rupee remained stable near 89.83 against the U.S. dollar, aided by state-bank interventions, even as the Chinese yuan outperformed, highlighting divergent currency dynamics that could impact import costs and FII flows. Globally, surging gold prices reached record highs, prompting shifts in investor positioning and risk sentiment that may influence risk assets. On the policy front, India and New Zealand finalized a free trade agreement, underscoring efforts to diversify export markets amid global trade uncertainties. Given muted liquidity, markets may remain range-bound, with select cyclicals and exporters offering relative value while investors await clearer macro cues in early 2026. In India, the Industrial Production data for the month of November would be announced on Monday (29 December 2025). The Industrial production in India increased 0.4% year-on-year in October 2025, following an upwardly revised 4.6% gain in September. It marks the smallest annual growth rate since August 2024 when industrial output stalled. On Tuesday (30 December 2025), the M3 Money Supply figures for the week ended on December 12 would be made public. The Money Supply M3 in India increased to Rs 291,363.75 billion in the week ending November 28 from Rs 289,454.93 billion two weeks before. On Wednesday (31 December 2025), the government budget value for November 2025 would be announced. India recorded a government budget deficit of Rs 825,144 tens of million in October of 2025. India's external debt position at the end of third quarter for FY26 would be made public on the same day. The external debt in India increased to $747200 million in the second quarter of 2025 from $736300 million in the first quarter of 2025. On Friday (02 January 2026), the final reading for the HSBC Manufacturing PMI for December would be unveiled. The HSBC India Manufacturing PMI eased to 55.7 in December 2025 from 56.6 in November, marking the weakest improvement in manufacturing conditions since December 2023, according to preliminary estimates. The Foreign Exchange Reserves for the week ended on December 26 would be made public on the same day. Foreign Exchange Reserves in India increased to $688,950 million in December 12 from $687,260 million in the previous week. In China, PMI data releases would be in focus, with the NBS Manufacturing PMI, NBS Non-Manufacturing PMI and the RatingDog Manufacturing PMI would be released on Wednesday (31 December 2025). China's official NBS Manufacturing PMI edged up to 49.2 in November 2025 from October's six-month low of 49.0. China's official NBS Non-Manufacturing PMI slipped to 49.5 in November 2025 from 50.1 in the previous month, pointing to the lowest figure since December 2022 and the first decline in nearly three years. The RatingDog China General Manufacturing PMI fell to 49.9 in November 2025 from 50.6 in the previous month, hitting its lowest level since July. In United States, the Dallas Fed Manufacturing Index for December 2025 would be released on Monday (29 December 2025). The Dallas Fed's general business activity index for Texas manufacturing fell to -10.4 in November 2025, from -5 in the prior, signaling a fourth consecutive monthly contraction in manufacturing activity and the steepest since June. Monday would also see the release of advanced estimates of Goods Trade Balance for the month of November. The US trade deficit in goods narrowed by $17.3 billion from the previous month to $85.5 billion in August 2025, according to an advance estimate. Imports fell 7.0% month-on-month to $261.6 billion, while exports fell 1.3% to $176.1 billion. On Wednesday (31 December 2025), the FOMC Minutes for its December meeting would be made public. The Federal Reserve cut the federal funds rate by 25 bps to a range of 3.5%'3.75% in its December 2025 meeting, following similar reductions in September and October. The API Crude Oil Stock Change for the week ended on December 26 would be made public would also be released on Wednesday. US crude oil inventories increased by 2.4 million barrels in the week ending December 19th, 2025, marking the first build after four weeks of draws and following the sharpest decrease since June of 9.3 million-barrel the previous week. The Initial Jobless Claims for the week ended on December 27 would also be announced on the same day. Initial jobless claims in the US fell by 10,000 from the previous week to 214,000 on the period ending December 20th, around the commonly volatile holiday season for new claims. Powered by Capital Market - Live

The bank credit growth in India continues to remain resilient, reflecting sustained lending momentum across key segments of the economy. As per the latest data released by the Reserve Bank of India, total bank credit stood at Rs 201.3 lakh crore as of 12 December 2025, registering a year-on-year growth of 11.60%. Credit growth has consistently remained above 10% in recent months, indicating stable demand conditions. Powered by Capital Market - Live

Procter & Gamble Health will hold a meeting of the Board of Directors of the Company on 6 February 2026.Powered by Capital Market - Live

TIL announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 28 January 2026.Powered by Capital Market - Live

Manappuram Finance announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 22 January 2026.Powered by Capital Market - Live

Sharpline Broadcast announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 22 January 2026.Powered by Capital Market - Live