Indian stock news
On September 22, 2026, Persistent Systems Limited (BSE: 533179) announced that its wholly--owned subsidiary, Galaxy Germany Holding SE, achieved a major milestone in its voluntary public takeover offer for Nagarro SE, securing 83.25% of Nagarro's outstanding share capital and voting rights. This surpassed the minimum acceptance condition of 50% plus one share. Nagarro shareholders are offered €81.00 per share in cash. An additional acceptance window will run until October 6, 2026, to allow remaining shareholders to tender their holdings. Persistent intends to pursue the delisting of Nagarro from the Frankfurt Stock Exchange Prime Standard, with overall transaction closing anticipated by the end of Q1 CY27.