Persistent Systems Approves QIP, Allots Shares at ₹5,550

Persistent Systems Ltd announced the outcome of its Special Committee Meeting held on October 26, 2026. The committee approved the closure of the Qualified Institutional Placement (QIP) issue and the allocation of 7,683,981 Equity Shares at an issue price of ₹5,550.00 per share. This price represents a discount of ₹211.00 (3.66%) to the floor price of ₹5,761.00. The company also approved the Placement Document and the confirmation of allocation notes to be sent to eligible qualified institutional buyers. Refund intimation letters will be issued to any entitled bidders. The Placement Document will be filed with the stock exchanges and made available on the company's website.