Persistent Systems: An update on Voluntary Public Takeover Offer made by the Company to the shareholders of Nagarro SE dated…
Persistent Systems (PERSISTENT) filed a disclosure titled "An update on Voluntary Public Takeover Offer made by the Company to the shareholders of Nagarro SE dated October 9, 2026, is as enclosed". The company is valued at about ₹91,022 crore.
What happened
Persistent Systems (PERSISTENT) filed a disclosure with the exchanges on 9 October 2026 at 05:42 PM titled "An update on Voluntary Public Takeover Offer made by the Company to the shareholders of Nagarro SE dated October 9, 2026, is as enclosed".
Company snapshot
Persistent Systems is a mid-cap company in the Information Technology sector, with a market value of about ₹91,022 crore.
The stock last traded at ₹5,770, against a 52-week range of ₹4,244.5–₹6,599 (12.6% below the high).
Before this filing the shares had moved +0.9% over the month and +5.3% over three months. Average daily turnover over the last 20 sessions was about ₹203 crore.
Promoters held 30.29% at the end of Q1 FY27. Foreign institutions owned 20.79% and domestic institutions 30.24%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 3,334 | 448.2 | 27.43 |
| Q2 FY26 | 3,581 | 471.5 | 30.31 |
| Q3 FY26 | 3,778 | 439.5 | 28.15 |
| Q4 FY26 | 4,056 | 529.3 | 33.83 |
| Q1 FY27 | 4,303 | 483 | 30.88 |
What history shows
BCEIE's records show 4 previous open offer filings from the company since May 2026.
After those filings, the stock fell 0.9% on average the next trading day and was down 0.7% on average after five days (4 filings with price data).
Across 5 similar disclosures by other Information Technology companies, shares moved +0.8% on average the next day and +1.1% over five days; 60% of them rose the next day.
Market-wide, 312 open offer filings with an impact score of 50 or more saw an average next-day move of +2.2%, with 55% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 22 Sept 2026 | A press release dated September 22, 2026, titled "Persistent s… | −1.7% | −1.6% |
| 22 Sept 2026 | 'Update on Voluntary Public Takeover Offer made by Persistent… | −1.7% | −1.6% |
| 18 Sept 2026 | Update on the Public Takeover Offer made by Persistent Systems… | −0.4% | −1.8% |
| 6 Aug 2026 | A press release dated August 06, 2026, titled "Acceptance Period… | +0.3% | +2.2% |
What to watch
- 15 October 2026: Board meeting — Financial Results/Other business matters.
In the news
Recent coverage elsewhere (links open the original publisher):
- Persistent Systems (NSEI:PERSISTENT) Stock Forecast & Analyst Predictions
- Kavitha Srinivasulu Joins Persistent Systems as Chief Cyber & AI Security Officer
- Persistent Systems to Meet Several Analysts and Investors on September 30
- PERSISTENT Outlook for the Week
- Persistent Systems Appoints Former Unisys CHRO Ruchi Kulhari as EVP, Stock Up 2%
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.