Board approved debt financing up to USD1,250m and fundraising up to USD450m via ECB, NCDs, FCCBs, QIP or other permitted instruments; EGM and regulatory approvals required. Enables financing for the Nagarro control transaction, a step change from prior tuck-ins and internal funding. Could materially increase leverage and dilute shareholders; debt/equity mix, pricing, timing and final instruments remain undisclosed.
Persistent Systems Board Approves Up To USD 1.25 Billion Financing
Persistent Systems Schedules September 1 One-On-One With Millennium Management
Persistent Systems Schedules One-On-One Meetings With Premji Invest And MFS International
Persistent Systems Launches €81 Per-Share Public Takeover Offer For Nagarro Shares
Persistent Systems' AA+ Rating Placed on Watch Negative by ICRA