Persistent Systems allotted 12,000 commercial papers worth INR 6 billion (₹600 Crore) on November 5, 2026. The one-year CPs carry an 8.75% yield and mature on November 5, 2027.
Value
₹600.0 Cr
Execution
1 year: allotment November 5, 2026 to maturity November 5, 2027
Persistent Systems Limited approved the allotment of 700,000 non-convertible debentures (NCDs) aggregating to ₹7,000 Crore. The senior rated debt, issued on a private placement basis, carries an 8.95% coupon.
Persistent Systems filed its shareholding pattern for 26 October 2026, reflecting the increase in paid-up capital from its QIP allotment. The filing shows the post-allotment shareholding split.
Persistent Systems received a 'CRISIL AA+; Rating Watch with Developing Implications' rating for its proposed Rs. 7,000 Crore Non-Convertible Debentures from CRISIL Ratings.
Persistent Systems approved audited financial statements for the quarter and half year ended September 30, 2026. The documents are available on the company website.
Persistent Systems inaugurated its third Hyderabad facility to strengthen AI and BFSI delivery. The new Phoenix Equinox office adds dedicated secure workspaces for financial services clients.
Persistent Systems' Chief Delivery Officer and Senior Management Personnel, Dr. Rajesh Gharpure, has resigned from his position, effective October 14, 2026.
Persistent Systems Limited has updated the market on its voluntary public takeover offer for Nagarro SE, reporting an aggregate shareholding of 94.04%.
Persistent Systems amended Article 12(iii) of its Articles of Association regarding the "Further Issue of Shares", as approved by the company's members.
Persistent Systems has allotted equity shares pursuant to its employee stock option plan (ESOP). This issuance increases the company's paid-up share capital.
Persistent Systems secured an 83.25% stake in Nagarro SE through a voluntary takeover offer and prior agreement. An additional acceptance period runs until October 6, 2026.
Persistent Systems earned the Databricks Brickbuilder Specialization for BFSI. The certification highlights its expertise in governed AI for financial services.
Persistent Systems reported strong Q1 FY27 growth with revenue at $452.4M and 16.0% EBIT margin. The company announced a major agreement to acquire Nagarro for an Enterprise Value of ~EUR 1.27B.
Cdr. Jayant Shivaji Konde has resigned as Senior Vice President – Administration at Persistent Systems. The resignation is effective September 18, 2026.
Persistent Systems confirmed the minimum acceptance condition for its Nagarro SE takeover offer was fulfilled on September 17, 2026. No monetary value is disclosed.
Persistent Systems has called an EGM on October 5, 2026, to seek shareholder approval for raising up to USD 1,250 million via debt and securities issuance.
Persistent Systems Limited has issued a notice for an Extraordinary General Meeting (EGM) to be held on October 5, 2026, to discuss borrowing limits and security issuance.
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