Persistent Systems approves terms for NCD and CP issuance worth up to Rs 9,000 crore

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PERSISTENT · price

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Price reactionminutes from the announcement price · days from the prior close

-1.7%Reaction day

₹5840.00

prior close

₹5668.00

announcement price

In-mkt

timing

Nifty Midcap 150market-0.1%-1.6% vs market

Computers - Software & Consulting peers, median of 67sector+1.4%-3.1% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Midcap 150 and 3.1 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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Sessions after the filingfrom the prior close

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Reaction day

-1.7-0.1-1.6+1.4-3.1

Next day

-2.6-1.2-1.4+0.0-2.6

+0.3-2.6+2.9-1.1+1.4

-1.7-3.3+1.6-2.5+0.8

-1.9-5.3+3.4-5.7+3.7

+0.2-4.3+4.5-4.2+4.3

-0.3-3.2+2.8-3.6+3.3

15d

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UpDownMarket · Nifty Midcap 150Sector · Computers - Software & Consulting peers, median of 67Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Persistent Systems Special Committee approved terms for raising up to Rs 8,000 crore via Non-Convertible Debentures (up to 8,00,000 NCDs) and up to Rs 1,000 crore via Commercial Paper (up to 20,000 CPs). Both are private placements to be listed on NSE. The total potential debt raise is Rs 9,000 crore, aimed at long term debt financing for the acquisition of Nagarro SE. Shareholder approval was secured at the EGM on October 5, 2026. Coupon and tenure details are in the key information document and not disclosed here.

Likely market impact

Large debt raise of up to Rs 9,000 crore for the Nagarro acquisition will increase leverage and interest costs; watch coupon rates and impact on future earnings.