Persistent Systems Limited acquires 21% stake in Nagarro SE and arranges bridge financing
Persistent Systems · IT - Software
Key highlights
- Acquired 21% shareholding of Nagarro SE from Lantano Beteiligungen GmbH on June 26, 2026, at EUR 81.00 per share
- Established wholly owned subsidiary Galaxy Germany Holding SE (BidCo) in Germany with EUR 135,000 share capital
- Authorized bridge financing facility of EUR 1,400 crore from Barclays Bank PLC consortium, secured by corporate guarantee up to EUR 1,540 crore for the takeover and related expenses
Why it's rated notable: The Nagarro stake purchase and the 100% offer are subject to member and regulatory approvals and no share count or total offer value is stated, so the level is medium with the EUR 1,400,000,000 bridge facility not expressed in a permitted unit.
Original filing
Announcement under Regulation 30 (LODR)-Acquisition
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Persistent Systems
- OtherNotablePersistent Systems Limited files details on unsecured and secured Series Debentures
- Fundraise / allotmentNotablePersistent Systems approves allocation of 7,683,981 equity shares via QIP on Oct 26, 2026
- Fundraise / allotmentNotablePersistent Systems allots 7,683,981 shares via QIP at ₹5,550 each, ₹42,646.09 million
- Fundraise / allotmentNotablePersistent Systems allots 7,683,981 shares via QIP at ₹5,550 each
- Fundraise / allotmentNotablePersistent Systems approves QIP Issue with floor price of ₹5,550 per share
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.