Persistent Systems secures 94.04% of Nagarro SE shares in takeover offer
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 09 Oct 2026, 05:42 PM IST · BSE ID: 77b214c2-3303-47e9-b3bb-44f680ceffbf
View Original BSE Filing (PDF)
💡
In Simple Terms
Persistent Systems now holds about 94.04% of Nagarro SE, pending final deal conditions.
🤖 AI Summary
- Persistent Systems secured 1,335,114 shares, 10.79% of Nagarro SE, during additional acceptance period.
- Company previously secured 61.15% via initial acceptance period and 22.10% from Lantano Beteiligungen GmbH.
- Aggregate shareholding in Nagarro SE reached approximately 94.04% as of October 6, 2026.
- Offer settlement for all tendered shares remains subject to fulfilling outstanding offer conditions.
- The additional acceptance period for the voluntary public takeover offer ran from September 23 to October 6, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Shares secured during additional acceptance period
1,335,114 shares
Percentage of Nagarro SE outstanding capital (additional period)
10.79%
Percentage of Nagarro SE outstanding capital (initial period)
61.15%
Percentage of Nagarro SE outstanding capital (share purchase agreement)
22.10%
Aggregate shareholding in Nagarro SE
94.04%
🏢 How This Affects the Company
The acquisition significantly expands Persistent Systems' international presence and service capabilities by integrating Nagarro SE's business into its portfolio, subject to offer conditions.
The substantial shareholding indicates a significant investment commitment, which upon completion, will impact Persistent Systems' balance sheet and potentially future consolidated financial statements.
Integrating Nagarro SE's operations and workforce will be a key task for Persistent Systems, influencing its global delivery model and human capital management post-settlement.
The Offer remains subject to outstanding conditions, meaning the complete integration and associated benefits are not yet fully realized, introducing a conditional element to the acquisition.
👥 What This Means For Shareholders
✅
Action Required
No action is required from Persistent Systems shareholders based on this update.
👤
Who Is Affected
Persistent Systems shareholders are affected as the company is significantly expanding its asset base and operational reach through this near-complete acquisition of Nagarro SE.
🔍
Management Signal
Management is signaling a strategic intent to aggressively pursue inorganic growth and market expansion through large-scale acquisitions like Nagarro SE.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Announcement regarding the fulfillment of remaining offer conditions for Nagarro SE.
Details on the settlement timeline for shares tendered in the takeover offer.
Updates on the integration plan for Nagarro SE into Persistent Systems operations.
LOW RISK
The only remaining risk is the fulfillment of unspecified outstanding offer conditions.
💡 Investor Takeaway
Persistent Systems secured an aggregate shareholding of approximately 94.04% in Nagarro SE as of October 6, 2026. This comprises 10.79% from the additional acceptance period, 61.15% from the initial period, and 22.10% from a share purchase agreement. Settlement is pending outstanding offer conditions.
⚖️ Strengths & Concerns
✅ Positives
- Persistent Systems successfully secured approximately 94.04% of Nagarro SE's outstanding share capital, demonstrating strong progress in the takeover.
- The Company consolidated its control over Nagarro by acquiring 1,335,114 shares during the additional acceptance period, increasing total stake.
⚠️ Concerns
- Settlement of the Offer and full control of Nagarro SE are contingent on fulfilling certain outstanding offer conditions.
- The filing does not detail the specific outstanding offer conditions, creating some uncertainty regarding the transaction's finalization timeline.
📅 Company Track Record
Persistent Systems commenced its public takeover offer for Nagarro SE at EUR 81.00 per share on August 6, 2026. Prior to this, on July 1, 2026, the company completed the acquisition of part of Concise Systems OÜ's business. In June 2026, Persistent Systems announced the proposed merger of MediaAgility India Private Limited for internal restructuring, with MediaAgility having INR 365.55 million turnover.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What percentage of Nagarro SE does Persistent Systems now hold?
Persistent Systems secured an aggregate shareholding of approximately 94.04% of Nagarro SE's outstanding share capital as of October 6, 2026.
How many shares did Persistent Systems secure during the additional acceptance period?
Persistent Systems secured 1,335,114 shares, representing approximately 10.79% of Nagarro SE's outstanding share capital, during the additional acceptance period.
What is the status of the settlement for the Nagarro SE takeover offer?
The settlement of the offer for Nagarro SE shares tendered during both acceptance periods will be undertaken when certain outstanding offer conditions, specified in the offer document, are fulfilled.
When did the additional acceptance period for the Nagarro SE offer conclude?
The additional acceptance period for the Voluntary Public Takeover Offer for Nagarro SE concluded on October 6, 2026.
Questions based on this BSE filing only. For information purposes.