Persistent secures 83.25% of Nagarro SE; additional offer period

Persistent Systems Limited has successfully secured an aggregate shareholding of 83.25% in Nagarro SE. This includes 61.15% acquired through a Voluntary Public Takeover Offer during the acceptance period ending September 17, 2026, and an existing 22.10% stake from a share purchase agreement. The acquisition exceeds the minimum threshold requirement of 50% plus one share. An additional acceptance period will commence on September 23, 2026, and run until October 6, 2026, allowing remaining Nagarro shareholders to tender their shares for EUR 81.00 per share. Persistent intends to pursue a delisting of Nagarro shares from the Frankfurt Stock Exchange as soon as practicable, with the transaction expected to close by the end of Q1 CY27.