Persistent Systems Acquisition Worth ₹6,682 Cr
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.
- Value
- ₹6,682 Cr
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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.
Persistent Systems approved a fund-raising proposal of up to USD 1.25 billion (approx. ₹11,875 crore) through debt and equity instruments.
Persistent Systems reported Q1 FY27 revenue of $452.4M, up 16.1% YoY, with an EBIT margin of 16.0%. The company signed a major $650M TCV agreement and announced a business combination with Nagarro.
Persistent reported Q1 FY27 revenue of $452.4M (up 16.1% YoY) with an EBIT margin of 16.0%. Management announced a strategic merger with Nagarro.
Persistent Systems Ltd reported revenue from operations of ₹4,303 Cr (+29.1% YoY) and net profit of ₹483 Cr (+13.7% YoY) for Q1 FY27.