PERSISTENT NSE filing

Persistent Systems Acquires 94.04% Stake in Nagarro SE Post Takeover Offer

The RealCase readHigh impact Positive

Persistent Systems Limited acquired 94.04% of Nagarro SE's outstanding share capital by October 6, 2026. This includes shares secured during the takeover offer's additional acceptance period (Sep 23-Oct 6, 2026) and initial period (Aug 6-Sep 17, 2026), plus shares from a separate agreement.

Why it matters

Acquiring a controlling stake in another company is a major strategic event with significant implications for Persistent Systems Limited.

The market read

The company has successfully achieved a significant majority stake in Nagarro SE, indicating a successful takeover.

Persistent Systems Limited has successfully acquired an aggregate shareholding of approximately 94.04% in Nagarro SE as of October 6, 2026. This includes 10.79% of Nagarro SE's outstanding share capital secured during the additional acceptance period of the Voluntary Public Takeover Offer, which ran from September 23, 2026, to October 6, 2026.

During the initial acceptance period, from August 6, 2026, to September 17, 2026, the Company had already secured approximately 61.15% of Nagarro's outstanding share capital. An additional 22.10% was acquired through a share purchase agreement with Lantano Beteiligungen GmbH.

The completion of the offer settlement is contingent upon the fulfillment of certain outstanding conditions outlined in the offer document.

Filing to action

What to do with a filing like this

Persistent Systems Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.

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Primary source

A plain-language summary of a public exchange filing by Persistent Systems Limited. Read the original for the full detail.

View original filing