NSEUpdates5d ago · 9 Oct 2026, 05:37 pm
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Persistent Systems Limited · PERSISTENT
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Persistent Systems Limited has informed the Exchange regarding 'Update on Voluntary Public Takeover Offer made by Persistent Systems Limited to the shareholders of Nagarro SE'. The company secured 1,335,114 shares, representing approximately 10.79% of Nagarro SE's outstanding share capital during the additional acceptance period of the Voluntary Public Takeover Offer.
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Persistent Systems Limited has informed the Exchange regarding 'Update on Voluntary Public Takeover Offer made by Persistent Systems Limited to the shareholders of Nagarro SE'.
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PERSISTENTUSER1_09102026173743_PSLUpdateonVoluntaryPublicTakeoverOfferofNagarroSigned.pdf
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NSE & BSE / 2026-27 / 153
October 9, 2026
The Manager, The Manager,
Corporate Services, Corporate Services,
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra Kurla Complex, P J Towers, Dalal Street,
Bandra (E),
Mumbai 400 051 Mumbai 400 001
Ref: Symbol: PERSISTENT Ref: Scrip Code: 533179
Dear Sir/Madam,
Sub.: Update on Voluntary Public Takeover Offer made by Persistent Systems Limited to the
shareholders of Nagarro SE
Ref. Our earlier intimations bearing reference nos. (i) NSE & BSE / 2026-27 / 105 dated August
6, 2026, (ii) NSE & BSE / 2026-27 / 123 dated September 18, 2026, and (iii) NSE & BSE /
2026-27 / 129 dated September 22, 2026
In continuation of the above-referred intimations, we wish to inform you that Persistent Systems Limited
(the ‘Company’) secured 1,335,114 shares, representing approximately 10.79% of Nagarro SE’s (‘Nagarro’)
outstanding share capital (i.e., excluding treasury shares) during the additional acceptance period of the
Voluntary Public Takeover Offer (the ‘Offer’) from September 23, 2026, to October 6, 2026.
The Company already secured approximately 61.15% of Nagarro’s outstanding share capital during the
acceptance period of the Offer from August 6, 2026, to September 17, 2026, as well as approximately
22.10% of Nagarro’s outstanding share capital under a share purchase agreement with Lantano
Beteiligungen GmbH. As a result, the Company secured an aggregate shareholding of approximately
94.04% (excluding treasury shares) as at the end of the additional acceptance period, i.e., as of October 6,
2026.
The Offer remains subject to the fulfilment of certain outstanding offer conditions specified in the offer
document. Consequently, settlement of the Offer in respect of the Nagarro shares tendered during the
acceptance period and the additional acceptance period will be undertaken when these outstanding offer
conditions are fulfilled.
Thanking you,
Yours sincerely,
For Persistent Systems Limited
Amit Atre
Company Secretary
ICSI Membership No.: ACS 20507
Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India
CIN - L72300PN1990PLC056696
T el: +91 (20) 6703 5555 | Fax - +91 (20) 6703 6003 | E-mail - info@persistent.com | Website - www.persistent.com