Coforge has announced the acquisition of US-based AI firm Encora for $2.35 billion, marking its largest international expansion. The deal, which includes a share swap and debt refinancing, is expected to add significant revenue and strengthen Coforge's AI-led engineering services, particularly in Hi-Tech and Healthcare sectors. Brokerage firms like Motilal Oswal and Jefferies view the acquisition positively, seeing potential for earnings accretion and significant upside, though near-term dilution concerns exist. Nuvama described it as Coforge's "biggest and boldest bet yet."