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Persistent Systems Boosts Nagarro SE Stake to 94.04% After Extended Offer
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CNBC TV18•09-10-2026, 20:04
Persistent Systems Boosts Nagarro SE Stake to 94.04% After Extended Offer
- •Persistent Systems acquired an additional 10.79% stake in Nagarro SE during the extended acceptance period.
- •The latest acquisition brings the Pune-based IT firm's total shareholding in Nagarro to approximately 94.04%.
- •The additional shares were bought during the acceptance period running from September 23 to October 6, 2026.
- •Persistent Systems previously secured stakes through an original acceptance period and a share purchase agreement with Lantano Beteiligungen GmbH.
- •In the first quarter of FY27, Persistent reported a net profit of ₹483 crore and a 6% quarter-on-quarter increase in revenue to ₹4,303 crore.
Key Questions Answered
Persistent Systems acquired an additional 10.79% stake in Nagarro SE during the extended acceptance period, which ran from September 23 to October 6, 2026.
Following the extended offer period and previous tranches, Persistent Systems holds an aggregate shareholding of approximately 94.04% in the German IT services firm Nagarro SE, excluding treasury shares.
In the first quarter of FY27, Persistent Systems reported a net profit of ₹483 crore, marking an 8.7% sequential decline from ₹529 crore in the previous quarter. Meanwhile, revenue rose by 6% quarter-on-quarter to reach ₹4,303 crore.
