Economic TimesLean R·
Persistent Systems shares slide 7% after $1.14 billion offer to buy Germany's Nagarro
Persistent Systems shares plunged 7.83% to Rs 4,462.50 in Monday's trade after the IT services company unveiled plans to acquire Germany-based digital engineering firm Nagarro in an all-cash deal valued at approximately EUR 1.27 billion.While the acquisition marks Persistent's biggest strategic bet to expand its European footprint and accelerate its long-term revenue ambitions, analysts at Elara Securities believe the transaction could weigh on the company's growth and profitability in the near…
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