Persistent Systems Share Price Surged Over 5% as it Adds 10.79% Stake in Nagarro, Total Holding Reaches 94.04%

Written by: Team Angel OneUpdated on: 10 Oct 2026, 7:04 pm IST

Persistent Systems secured another 10.79% stake in Nagarro during the extended offer period, taking its total holding to 94.04%.

Persistent Systems received another 1,335,114 shares of Nagarro SE during the extended period of its takeover offer, which ended on October 6, 2026. The additional shares represented around 10.79% of Nagarro’s outstanding share capital, excluding treasury shares.

A total of 8,903,259 Nagarro shares were tendered across the initial and extended offer periods. Persistent’s holding, including its separate stake acquired through an agreement with Lantano Beteiligungen GmbH, now stands at approximately 94.04%.

Extended Offer Brings in More Shares

During the period from August 6 to September 17, about 7,568,145 shares were tendered in a first acceptance round. An additional 1,335,114 shares came in between the period of September 23 to October 6.

The shares tendered through the offer represented approximately 71.94% of Nagarro's share capital and voting rights as well issued (excluding treasury shares). Combining the 22.10% stake purchased under the agreement with Lantano by Persistent will raise its shareholding to 94.04%.

Persistent Outlines Next Steps

Persistent said it plans to initiate a squeeze-out of Nagarro’s remaining minority shareholders after the takeover closes. It has not yet made a final decision on the proposal.

Commenting on the final offer results, Persistent CEO and Executive Director Sandeep Kalra said they supported the rationale for bringing the two businesses together. He said the company intends to build a global AI-led digital engineering player through the combination.

Takeover Closure Expected by Q1 CY27

Persistent expects the transaction to close by the end of the first quarter of calendar year 2027.

Settlement of the shares tendered under the offer will take place once the outstanding conditions are fulfilled.

As of 09 October 2026, Persistent Systems Ltd share price closed at ₹5,770 per share, reflecting a surge of 5.52% from the previous trading session.

Conclusion

Persistent has secured a 94.04% holding in Nagarro, combining shares tendered in the takeover offer with its stake under the Lantano agreement. The transaction is expected to close by the end of Q1 CY27.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Oct 10, 2026, 1:34 PM IST

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