Corporate Action21 Oct 2026, 07:20 pm
Persistent Systems Approves QIP Issue, Floor Price at ₹5,550
AI Summary
Persistent Systems Ltd's Special Committee of the Board of Directors has approved the opening of a Qualified Institutions Placement (QIP) issue. The floor price for the issue has been set at INR 5,550 per Equity Share, determined according to SEBI ICDR Regulations. The company also approved and adopted the Preliminary Placement Document. The issue size is up to USD 450 million (approximately INR 42,646.10 million). The trading window remains closed for designated persons until further notice.
Key Highlights
- QIP issue authorized for opening on October 21, 2026.
- Floor price set at INR 5,550 per Equity Share.
- Preliminary Placement Document approved.
- Issue size up to USD 450 million.
- Relevant date for issue fixed as October 21, 2026.
Price Impact
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