Persistent Systems Ltd. has secured an additional 61.15% stake in Germany-based Nagarro SE through its voluntary public takeover offer. Including the stake acquired earlier, Persistent’s aggregate holding has reached 83.25% of Nagarro’s outstanding share capital, excluding treasury shares.
An additional acceptance period will run from September 23 to October 6, giving remaining Nagarro shareholders an opportunity to tender their shares. Persistent Systems has stated that it intends to pursue the delisting of Nagarro from the Frankfurt Stock Exchange, subject to applicable requirements.
