Persistent Systems has announced an agreement to acquire Germany-based Nagarro. The company's board approved plans to raise up to Rs 9,000 crore to fund the acquisition, comprising Rs 8,000 crore in non-convertible debentures and Rs 1,000 crore in commercial paper, according to a report by Stocks Updates dated 16 October 2026.
The amount to be paid for Nagarro was not disclosed in the source.