Persistent Systems Limited files details on unsecured and secured Series Debentures
Persistent Systems · IT - Software
Key highlights
- Issued multiple series of Non-Convertible Debentures (NCDs) aggregating ₹775 crore to ₹1,250 crore each, with tenors of 4 to 5 years and coupon rates of 8.95% p.a., maturing between 2029 and 2031.
- Series 5 and 6 Debentures secured by specific charges including fixed charges over designated proceeds accounts, pledges over shares and intercompany receivables related to Galaxy Germany Holding SE and Nagarro SE merger, and investments in AAA-rated debt securities; Series 3 and 4 Debentures are unsecured.
- Penalties for delayed payment or regulatory non-compliance include additional interest rates of 1% to 2% p.a. over coupon rates; Series 6 Debentures redemption scheduled on 4 November 2031, Series 5 on 4 November 2030.
Why it's rated notable: amount is ₹500 crore or more
Original filing
Announcement under Regulation 30 (LODR)-Meeting Updates
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Persistent Systems
- Fundraise / allotmentNotablePersistent Systems allots 7,683,981 shares via QIP at ₹5,550 each
- 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 approves QIP Issue with floor price of ₹5,550 per share
- Fundraise / allotmentNotablePersistent Systems approved issuance of NCDs and Commercial Paper for acquisition
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Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Software
on management's own guidance
- Strong growth2
- Strong growth1
- CapitalNumbersGood growth3
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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.