Persistent to acquire Nagarro for EUR 1.27B; announces major US deal

Promoter Disclosed Acquisition PlansOrder Pipeline DisclosedCfo Debt Reduction RoadmapInvestor Communications View source PDF

PERSISTENT · price

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▲ 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———

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AI summary

Persistent will acquire 100% Nagarro at EUR 81 per share cash, EV around EUR 1.27B (about 140% premium). Combined group to have USD 2.9B revenue and 46,000 plus staff across 40 plus countries. Persistent also won a major US deal: USD 125M plus ACV, USD 650M plus TCV over 6.5 years. Funded via EUR 1.4B Barclays bridge loan; leverage 1.9x to 2.5x, to fall below 1.0x by FY30. Cash EPS accretive from year one. Close expected Q4 CY26 or Q1 CY27.

Likely market impact

Transformative deal creating USD 2.9B group; cash EPS accretive year one. Leverage 1.9-2.5x, falling below 1x by FY30. Share price reaction may be mixed.