Announced Tue, 7 Jul · 22:05 IST
Persistent Systems rating put on watch negative by ICRA
PERSISTENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.0%1-day move
₹4889.00
prior close
₹4884.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.1-0.1-0.3-1.0+3.0+5.9+4.8+3.9+5.9————
Up moveDown movePending
AI summary
ICRA placed Persistent's AA+ issuer rating on watch with negative implications after the proposed EUR 1.27 billion debt-funded acquisition of Nagarro SE. Funded via a EUR 1.4 billion bridge loan, pushing post-acquisition leverage to 2.0-4.5 times. Combined revenue would rise to about USD 2.9 billion. Deal expected to close by Q4 CY2026 or Q1 CY2027.
Likely market impact
Credit metrics likely to weaken in the medium term due to debt-funded acquisition; rating under review for further action as deal clarity emerges.