Coforge stock slides as investors worry about potential dilution from fundraise

Coforge shares came under sharp selling pressure after investor sentiment weakened ahead of a key board meeting scheduled for December 26. The company’s board is set to consider fresh fundraising proposals, raising concerns about possible equity dilution, especially as there are no large capital expenditure requirements or one-off expenses planned. Coforge is also hosting an analyst meet on the same day, adding to near-term uncertainty. While the management has reiterated its long-term guidance of reaching $2 billion in revenue by FY27, largely through acquisitions, investors remain cautious about the structure and timing of any proposed capital raise.