Persistent Systems533179IT services
Persistent Systems opened its QIP on October 20 to raise about Rs 4,260 crore ($450 million) as bridge financing for the Nagaro acquisition
By ScoutQuest · · 1 min read
- QIP floor price
- 4761 rupees
- QIP issue size
- 4260 crore rupees
- QIP issue size in dollars
- 450 million dollars
Heard on business television between 08:46:26 - 08:49:26 IST.
- Sumit Sarkar had earlier flagged that the QIP was expected to open soon; it opened on October 20.
- The QIP floor price was set at Rs 4,761 and the issue size is around Rs 4,260 crore (about $450 million).
- The funds are intended as bridge financing to support the Nagaro acquisition.
- The company had earlier also approved issuance of NCDs and other long-term debt financing for the deal.
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Source: Live TV News Channel · 22 Oct 2026
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