Persistent Systems now owns 83.25% of Nagarro after a voluntary public takeover offer that closed on September 17, 2026—buying 7,568,145 shares at €81 each. The deal pushes the firm past the 50%+1 takeover threshold, sparking a delisting move.
The €81 per share price marks a premium over Nagarro’s last closing of €78, and the acceptance window ended on 17 September; a second two‑week period will run until 6 October, allowing remaining shareholders to tender.
With the stake secured, Persistent intends to delist Nagarro from the Frankfurt Stock Exchange by the close of Q1 2027. This action is expected to streamline integration and reduce regulatory overhead.
CEO Sandeep Kalra told analysts that the combined business should see mid‑teen growth over the next two to three years, but the firm will not issue formal forward guidance.
The company is also lining up a funding package of up to $1.25 billion to support the transaction and subsequent expansion. The next earnings call is pencilled in for November, where further details may surface.
Nagarro shareholders who did not tender can still accept the offer until 6 October, though the market reaction has been muted as Persistent’s NSE shares dipped 1.52% to ₹5,366 on Tuesday.