27 Jun 2026
Persistent Systems signed a business combination agreement with Germany-listed Nagarro, its subsidiary Galaxy Germany Holding bidding 81 euro a share for all of Nagarro at about a 140 percent premium.
Persistent has already agreed to buy a roughly 21 percent stake from a large holder, and the combined group would generate close to 2.9 billion dollars of revenue, nearly doubling Persistent's scale in AI-led digital engineering.
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Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630. Stock notes are market commentary for general information and education. They are not investment advice, not a recommendation to buy or sell, and do not account for any individual's financial situation. Investment in securities is subject to market risks. Please read all related documents carefully before investing. Past performance is not a guarantee of future results.