India's Persistent slides after $1.14 billion offer to buy Germany's Nagarro
29/06/2026 04:59
India's Persistent slides after $1.14 billion offer to buy Germany's Nagarro June 29 (Reuters) - India's Persistent Systems PERS.NS shares opened 7% lower on Monday, after the IT services firm offered to buy German firm Nagarro NA9n.DE for 1 billion euros ($1.14 billion), according to Reuters calculations.
The German digital engineering firm's board said it intends to recommend the 81 euro per share offer to shareholders.
($1 = 0.8782 euros)
(Reporting by Abhirami G and Abinaya V in Bengaluru; Editing by Rashmi Aich)
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