Stories
Stocks in Focus: Persistent Systems, IRB Infra, RHI Magnesita, Hero Motors & More on Sept 23
- •Persistent Systems acquires 83.25% of Nagarro SE, plans delisting from Frankfurt Stock Exchange.
- •IRB Infrastructure Developers to monetize 350 acres of non-core land parcels and redevelop Mumbai property.
- •Allcargo Terminals reports 6% year-on-year growth in August 2026 volumes, reaching 65,600 TEUs.
- •360 ONE WAM appoints Aashish Agarwal as CEO, Karan Bhagat to continue as MD and become Vice Chairman.
- •Mastercard Asia/Pacific Pte exits Pine Labs, selling entire 4.31% stake for Rs 933.57 crore to institutional investors.
Key Questions Answered
Persistent Systems secured 75.68 lakh equity shares, representing about 61.15 percent of Nagarro SE's outstanding share capital, through its voluntary public takeover offer, bringing its aggregate shareholding to 83.25 percent. The company also plans to delist Nagarro from the Frankfurt Stock Exchange.
Mastercard sold its entire 4.31 percent stake in Pine Labs to 13 domestic and global institutional investors, including ICICI Prudential Life Insurance Company, Societe Generale, Citigroup Global Markets Singapore, Goldman Sachs Bank Europe, and Franklin Templeton MF.
The Board of IRB Infrastructure Developers approved monetizing its non-core assets via the phased development of land parcels measuring around 350 acres out of 1,100 acres at Taje and Pimpaloli in Pune, alongside redeveloping land parcels in Chandivali, Mumbai.
