Persistent Systems acquires 21% stake in Nagarro SE via Galaxy Germany Holding SE
Persistent Systems · IT - Software
Key highlights
- Persistent Systems established Galaxy Germany Holding SE (BidCo) as a wholly owned subsidiary in Germany on June 26, 2026, acquiring 100% stake for EUR 135,000.
- BidCo entered a Share Purchase Agreement on June 26, 2026, to acquire 21% shareholding (excluding treasury shares) of Nagarro SE from Lantano Beteiligungen GmbH at EUR 81.00 per share, subject to regulatory approvals.
- Persistent Systems authorized BidCo to secure a bridge financing facility of EUR 1,400 crore from Barclays Bank PLC, with Persistent providing a corporate guarantee up to EUR 1,540 crore to support the financing for the takeover and related transactions.
Why it's rated notable: The Nagarro share purchase and takeover offer remain subject to member and regulatory approvals, so the event is non-binding and capped at medium, and the filing states only EUR amounts that cannot be sized in the listed units.
Original filing
The Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 Is As Enclosed.
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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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.