Persistent's Nagarro Takeover Successful: 83.25% Stake Secured

Persistent Systems Ltd successfully completed the acceptance period for its Voluntary Public Takeover Offer for Nagarro SE, securing 7,568,145 shares, representing approximately 61.15% of Nagarro's outstanding share capital. Combined with a prior 22.10% stake acquired from Lantano Beteiligungen GmbH, Persistent now holds an aggregate of 83.25% of Nagarro, surpassing the minimum 50% plus one share threshold. An additional two-week acceptance period will commence on September 23, 2026, until October 6, 2026, allowing remaining Nagarro shareholders to tender their shares at EUR 81.00 each. Persistent intends to pursue the 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.