Persistent Systems approves allocation of 7,683,981 equity shares via QIP on Oct 26, 2026
Persistent Systems Ltd · IT - Software
What the filing says
- Special Committee approved closure of QIP Issue on October 26, 2026 after receipt of applications and funds
- Allocated 7,683,981 equity shares at ₹5,550 each, a 3.66% discount to floor price of ₹5,761 per share
- Approved Placement Document dated October 26, 2026 and issuance of allocation and refund letters to qualified institutional buyers
Why it's rated notable: The QIP allocation of 7,683,981 shares at INR 5,550.00 per share is a closed, binding fundraise with no total rupee amount stated, which the rules keep at medium, and the implied total of about ₹4,265 crore is below the ₹10,000 crore high threshold.
Original filing
Announcement under Regulation 30 (LODR)-Meeting Updates
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More from Persistent Systems Ltd
- Fundraise / allotmentNotablePersistent Systems allots 7,683,981 shares via QIP at ₹5,550 each
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- 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.