Persistent Systems' shareholders approved borrowing and securities issuance limits to fund the Nagarro acquisition

Wed 7 Oct 2026

Approved borrowing limit

1.25 billion dollars

Approved securities issuance

450 million dollars

Nagarro stake secured

83.25 percent

Heard on business television between 08:21:37 - 08:24:37 IST.

• EGM resolution approved borrowing limit of up to almost $1.25 billion and securities issuance up to almost $450 million.
• Funding approvals linked to the proposed Nagarro acquisition.
• Company has secured 83.25% of Nagarro's outstanding share capital.
• Clearing of this funding overhang removes risk of negative reaction; could see positive stock moves.

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