Persistent Systems Opens QIP Issue, Sets Floor Price at ₹5,550

Persistent Systems Ltd announced the opening of its Qualified Institutions Placement (QIP) issue on October 21, 2026. The Special Committee of the Board of Directors approved a floor price of INR 5,550 per equity share, determined according to SEBI ICDR Regulations. The company also approved and adopted the Preliminary Placement Document (PPD). The issue aims to raise up to USD 450 million (approximately INR 42,646.10 million). The trading window for insiders remains closed until further notice.