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 has scheduled a board meeting for September 2, 2026, to consider a proposal for raising funds via debt or issuance of securities.
Persistent Systems has received an 'Excellent' ESG rating of 71 from ESG Risk Assessment & Insights Limited for the fiscal year 2025-26.
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 Systems shareholders approved the voluntary public takeover offer for Nagarro SE at the recent Annual General Meeting. Formal offer terms are pending regulatory approval.
Persistent Systems held its 36th Annual General Meeting on August 3, 2026. Agenda items included financial adoption, dividend approval, director reappointments, and the Nagarro SE acquisition.
Persistent Systems approved its audited financial statements for the quarter ended June 30, 2026. The documents are available on the company's website.
Persistent Systems released Q1 FY27 results, reporting revenue of ₹4,303.23 crore. The company also achieved a record quarterly TCV of $1.15 billion.
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.
Persistent Systems will hold a Board Meeting on August 2, 2026. The board will consider audited financial results for the quarter ended June 30, 2026.
Persistent Systems convened its 36th AGM for August 3, 2026. Key agenda items include acquiring Nagarro SE and approving a Rs. 16,534 Crore related party transaction.
Persistent Systems submitted its Business Responsibility and Sustainability Report for FY 2025-26. The report detailing ESG performance is also part of the Annual Report.
Persistent Systems announced a final dividend of Rs. 18 per share for FY26. The record date is set for July 27, 2026.
Persistent Systems submitted its Annual Report for FY 2025-26. The company scheduled its 36th Annual General Meeting for August 3, 2026.
Persistent Systems convened its 36th AGM for August 3, 2026. Agenda includes adopting financial statements, approving a Rs.18 final dividend, and reappointing directors.
Persistent Systems' credit rating is placed on 'Rating Watch with Negative Implications' by ICRA. The action follows its proposed acquisition of Nagarro SE, raising concerns over future leverage.
Persistent Systems announced a massive €1.27B acquisition of Nagarro to form a $2.9B+ AI-led digital engineering powerhouse and signed a $650M+ 6.5-year strategic deal with a US tech leader.
Persistent Systems secured a USD 650 million (Rs. 6,110 Crore) contract from a US tech leader. The 6.5-year agreement focuses on product development and cloud operations.
Persistent Systems has uploaded Investor FAQs to its website. This serves as a general operational update for shareholders.
Persistent Systems acquired 100% of Galaxy Germany Holding SE for EUR 135,000 (Rs. 1.45 Crore). The German entity will serve as a vehicle for European expansion.
Persistent Systems will acquire Nagarro SE for Rs. 2,250.59 Crore via its subsidiary. This strategic deal creates a $2.9 billion AI-led engineering powerhouse.
Persistent Systems signed a 6.5-year strategic agreement with a US tech leader. The contract is valued at ₹6,090 Crore.