Persistent Systems533179IT services
Persistent Systems to raise funds via QIP at indicative price of ₹5,550/share, a discount to previous close, to fund Nagaro acquisition
By ScoutQuest · · 1 min read
- QIP issue price
- ₹5,550 a share
- Discount to previous close
- 5.2 percent
- Potential equity dilution
- 4.9 percent
- Nagaro acquisition cost
- $1.45 billion
Heard on business television between 08:21:38 - 08:24:38 IST.
- Indicative QIP issue price set at ₹5,550 a share, a 5.2% discount to yesterday's close.
- Dilution of up to 4.9% of pre-issue outstanding equity capital expected.
- Fund raise linked to June 2026 announcement of acquiring German engineering firm Nagaro for about $1.45 billion.
- Acquisition was initially funded via bridge loan; company had said it would also raise via QIP and rupee term loans.
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Source: Live TV News Channel · 22 Oct 2026
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