Persistent Systems picks additional 61% stake in German-based firm Nagarro; check details

In a regulatory filing, the mid-tier IT software services firm said it secured 75,68,145 shares, representing approximately 61.15% of Nagarro SE’s outstanding share capital. The acceptance period for the offer ended on September 17, 2026.

Earlier this year, Persistent Systems picked a stake of 22.10% in Nagarro (excluding treasury shares) under a share purchase agreement with Lantano Beteiligungen GmbH.

Following the current acquisition, Persistent’s aggregate shareholding in Nagarro stood at 83.25%, excluding treasury shares, as of September 17, 2026. This exceeded the minimum threshold of 50% plus one share required under the offer, the firm said in a statement.

Further, an additional acceptance period will run from September 23 to October 6, 2026. During this period, Nagarro shareholders who have not yet tendered their shares can accept the offer.

“We have offered Nagarro shareholders an attractive opportunity to realize full and immediate value. The success of the offer confirms its appeal and the strategic logic behind combining Persistent and Nagarro,” said Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems.

The takeover offer was executed through Galaxy Germany Holding SE, a wholly-owned direct subsidiary of Persistent Systems.

According to the German Securities Acquisition and Takeover Act (WpÜG), Nagarro shareholders who have not yet tendered their shares can still accept the offer at the same cash consideration of EUR 81 per share by tendering their shares within the additional acceptance period.

Persistent will disclose the final number of shares tendered following the expiry of the additional acceptance period.

Following the consummation of the offer and acting on a taking private strategy, Persistent said it intends to terminate the admission of Nagarro shares to trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange and trading on the open market of other stock exchanges as soon as practicable and legally feasible.

The termination of admission to trading on the regulated market would result in Nagarro being excluded from the SDAX and a reduction in liquidity of Nagarro shares.

“We now look forward to completing the remaining steps toward closing, so we may start building the global AI-led digital engineering leader we envisioned together,” added Kalra.

Persistent Systems share price trends

On Tuesday, Persistent Systems shares settled at ₹5,366 apiece on the National Stock Exchange, falling 1.52%.

From the beginning of the year, Persistent Systems shares have declined 15%. Over a month’s time, the stock has slipped 6%, while for a six-month period, it has surged 14%.

Shares of the firm had hit a 52-week high of ₹6,599 on December 23, 2025, and a 52-week low of ₹4,244.50 on June 30, 2026.

According to NSE data, as of September 22, 2026, Persistent Systems has a total market capitalisation of ₹84,648.65 crore.