Persistent Systems Limited acquires 21% stake in Nagarro SE via wholly owned subsidiary
Persistent Systems · IT - Software
Key highlights
- Persistent Systems acquired 100% of Galaxy Germany Holding SE (BidCo) on June 26, 2026, for EUR 135,000 to serve as strategic M&A vehicle in Europe.
- BidCo entered Share Purchase Agreement on June 26, 2026, to acquire 21% shares of Nagarro SE from Lantano Beteiligungen GmbH at EUR 81 per share, subject to regulatory approvals.
- Persistent Systems authorized to provide corporate guarantee up to EUR 1,540,000,000 for a bridge financing facility of EUR 1,400,000,000 from Barclays Bank PLC to BidCo for acquisition and related expenses.
Why it's rated notable: The 100% takeover offer depends on member and regulatory approvals and the filing states no total deal value, only EUR 81.00 per share and a EUR 1,400,000,000 bridge facility, so the level stays at medium.
Original filing
Board Meeting Outcome for Outcome Of The Board Meeting Held Friday, June 26, 2026 (IST) And Concluded On Saturday, June 27, 2026 (IST)
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
- 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
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Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Software
on management's own guidance
- Strong growth2
- Strong growth1
- Fractal AnalyticsGood 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.