Persistent Systems allots 7,683,981 shares via QIP at ₹5,550 each
Persistent Systems Ltd · IT - Software
What the filing says
- Special Committee approved allotment of 7,683,981 Equity Shares to qualified institutional buyers at INR 5,550.00 per share, aggregating INR 42,646.09 million.
- Issue opened on October 21, 2026 and closed on October 26, 2026; the Special Committee approved the allotment on October 26, 2026.
- Paid-up capital rose to INR 829,169,905 (165,833,981 shares) from INR 790,750,000 (158,150,000 shares).
Why it's rated notable: amount is ₹500 crore or more
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
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, ₹42,646.09 million
- Fundraise / allotmentNotablePersistent Systems approves allocation of 7,683,981 equity shares via QIP on Oct 26, 2026
- 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
- Fundraise / allotmentNotablePersistent Systems approves terms of NCD and CP issuance for Nagarro SE acquisition
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Potential multibaggers · Q2 FY27
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on management's own guidance
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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.