Persistent Systems announced a Qualified Institutional Placement (QIP) to raise up to $450 million. On October 22, 2026, it raised the issue’s floor price to ₹5,761 per share from ₹5,550, according to an exchange filing. The fundraising is intended to refinance the acquisition of Nagarro.
The company’s shares rose 0.34% to ₹5,887.50 during Thursday’s trading session.