Announced Sat, 27 Jun · 03:01 IST
Persistent Systems to acquire Germany-listed Nagarro SE in full takeover
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
-10.7%1-day move
₹4846.50
prior close
₹4500.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.3+0.2-0.2-1.1-10.7-10.8-5.3-3.5-2.5-1.6+7.0———
Up moveDown movePending
AI summary
Persistent Systems will acquire Germany-listed Nagarro SE at EUR 81 per share. It buys 21 percent from Lantano, the largest shareholder, then launches a public offer. Nagarro had EUR 1 billion CY25 revenue, 18,500 employees. Combined group targets USD 2.9 billion revenue with 46,000 employees. Funded by EUR 1,400 million Barclays bridge loan and EUR 1,540 million guarantee. Closing by Q4 CY2026 or Q1 CY2027, pending approvals.
Likely market impact
Transformative deal creating a roughly USD 2.9 billion IT services group, debt-funded, subject to shareholder and regulatory approvals.