Persistent Systems: Outcome of the Special Committee Meeting held on October 26 , 2026 in relation to the allotment of Equity…
Persistent Systems (PERSISTENT) filed a disclosure titled "Outcome of the Special Committee Meeting held on October 26 , 2026 in relation to the allotment of Equity Shares under Qualified Institutional Placement". The company is valued at about ₹92,284 crore.
What happened
Persistent Systems (PERSISTENT) filed a disclosure with the exchanges on 26 October 2026 at 11:29 PM titled "Outcome of the Special Committee Meeting held on October 26 , 2026 in relation to the allotment of Equity Shares under Qualified Institutional Placement".
From the filing: "Consequent to the aforesaid allotment, the paid-up equity share capital of the Company stands increased to from INR 790,750,000/- consisting of 158,150,000 Equity Shares of INR 5 per share to INR 829,169,905/- consisting of 165,833,981 Equity Shares."
How big is it?
At ₹4,265 crore, the issue is equal to about 4.6% of the company's market value of ₹92,284 crore.
Company snapshot
Persistent Systems is a mid-cap company in the Information Technology sector, with a market value of about ₹92,284 crore.
The stock last traded at ₹5,850, against a 52-week range of ₹4,244.5–₹6,599 (11.3% below the high).
Before this filing the shares had moved +9.3% over the month and +8.7% over three months. Average daily turnover over the last 20 sessions was about ₹401 crore.
Promoters held 30.29% at the end of Q2 FY27. Foreign institutions owned 20.79% and domestic institutions 31.96%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| 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 |
| Q2 FY27 | 4,664 | 351.5 | 22.42 |
What history shows
BCEIE's records show 3 previous fund raising filings from the company since May 2026.
After those filings, the stock fell 1.9% on average the next trading day and was down 3.2% on average after five days (3 filings with price data).
Across 13 similar disclosures by other Information Technology companies, shares moved +0.5% on average the next day and −1.1% over five days; 77% of them rose the next day.
Market-wide, 1,646 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 21 Oct 2026 | The outcome of the Committee Meeting in relation to the QIP issue… | −2.2% | — |
| 16 Oct 2026 | The intimation of approval of the terms of NCD and CP issuance in as… | −2.6% | — |
| 2 Sept 2026 | Fund raising | −0.8% | −3.2% |
What to watch
- How the money raised is used and, for equity instruments, the dilution for existing shareholders.
In the news
Recent coverage elsewhere (links open the original publisher):
- India's Persistent Systems plans debut rupee debt sale to fund acquisition, bankers say
- Persistent Systems may soon launch up to $450 million QIP; proceeds part of financing plan for Nagarro...
- Persistent Systems Q2 Results: Profit rises 5% to ₹495 crore, excluding Nagarro deal costs
- PERSISTENT SYSTEMS LTD Option Chain - Live PERSISTENT SYSTEMS LTD Option Chain Data, OI & Price
- Persistent Systems targets 16%-17% EBIT margin, Nagarro deal by Q4 2026
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.