Economy · India
Persistent Systems to acquire Nagarro for ₹11,820 crore, shares fall
Indian IT firm Persistent Systems has announced a deal to acquire German company Nagarro SE for approximately ₹11,820 crore (€1.27 billion). The acquisition aims to create a large AI-led digital engineering company with significant annual revenue. However, Persistent Systems' share price experienced a notable decline following the announcement, with analysts citing concerns about Nagarro's growth outlook and market competition.
How outlets across the spectrum covered it
Left 1 · Centre 4 · Right 1 n = 6
- Left (1): The Hindu
- Centre (4): Business Standard, Mint, The Free Press Journal, The Times of India
- Right (1): Republic World
- International (1): Reuters