Persistent Systems Limited has informed the Exchange regarding a press release dated October 09, 2026, titled "Persistent Secures Strong Majority Stake".
Filed with NSE · ISIN INE262H01013 · · 5 pages · English
Summary by 6ix AI
Persistent Systems Limited has announced a press release regarding its acquisition of a strong majority stake in Nagarro, which significantly exceeds the required acceptance threshold for the takeover offer. The company has secured a substantial portion of Nagarro's share capital and plans to initiate a squeeze-out of the remaining minority shareholders upon closing of the transaction. The transaction is expected to finalize by the end of the first quarter of the following calendar year, pending regulatory approvals.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
We wish to inform you that Persistent Systems Limited (the ‘Company’) has made a press release dated October 9, 2026, titled ‘Persistent Secures Strong Majority Stake’. A copy of the Press Release is enclosed for your reference. Amit Atre Company Secretary Encl.: As above Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India CIN - L72300PN1990PLC056696 T
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