Persistent secures 94.04% stake in Nagarro after takeover offer acceptance period ends
Bitget2026/10/09 17:00Persistent lifted its stake in Nagarro to about 94.04% following the expiry of an additional acceptance period on Oct. 6, 2026. Holders tendered 8,903,259 shares into the offer, equal to about 71.94% of Nagarro’s share capital and voting rights. The total includes a roughly 22.10% stake secured separately under a share purchase agreement with Lantano Beteiligungen. With more than 90% control, Persistent plans a squeeze-out of remaining minority shareholders upon closing, with no final decision yet. Closing is expected by the end of Q1 2027, subject to a limited number of outstanding regulatory approvals. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Persistent Systems Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610091259PR_NEWS_USPR_____IO67915) on October 09, 2026, and is solely responsible for the information contained therein.
- Persistent lifted its stake in Nagarro to about 94.04% following the expiry of an additional acceptance period on Oct. 6, 2026.
- Holders tendered 8,903,259 shares into the offer, equal to about 71.94% of Nagarro’s share capital and voting rights.
- The total includes a roughly 22.10% stake secured separately under a share purchase agreement with Lantano Beteiligungen.
- With more than 90% control, Persistent plans a squeeze-out of remaining minority shareholders upon closing, with no final decision yet.
- Closing is expected by the end of Q1 2027, subject to a limited number of outstanding regulatory approvals.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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