PERSISTENT SYSTEMS (PERSISTENT)
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Persistent Systems opens ₹4,265 crore QIP at ₹5,550 floor price
Persistent Systems has launched a ₹4,265-crore qualified institutional placement with a floor price of ₹5,550 per share. The QIP opening was reported in two near-simultaneous articles, confirming the company's move to raise growth capital from institutional investors. The floor price sets the minimum acceptable bid, with final pricing likely to be determined through the book-building process.
Persistent Systems raises ₹4,264 crore via QIP
Persistent Systems raises ₹4,264 crore through its QIP - These institutions received shares - Published OnOct 27, 2026 | 06:23 IST - Last Updated OnOct 27, 2026 | 06:23 IST Most of the institutions who have been issued 5% or more shares in the Persistent Systems QIP exercise include India's Domestic Mutual Funds. Goverenment Pension Fund Global is the only Foreign Portfolio Investor (FPI), who has been issued shares as part of the QIP. Technology services provider Persistent Systems Ltd.
Persistent Systems to raise ₹8,000cr via rupee bonds
IT firm Persistent Systems is set to raise up to ₹8,000 crore ($842 million) through the sale of rupee-denominated bonds with multiple shorter-duration papers of up to five-year maturity, two merchant bankers said on Friday. The company will sell bonds maturing in one year, two years, three years, four years and five years and is likely to go ahead with the issue later this month, the two bankers with direct knowledge of the matter added.
Persistent Systems shares slide 5% as Q2 margin contracts 100 bps
Consolidated revenue rose 7.8% quarter-on-quarter in constant currency to $487.6 million, beating market expectations. EBIT margin, however, contracted 100 basis points QoQ to 15%, missing estimates. Profit after tax fell 27.2% QoQ to Rs 351.51 crore, impacted by higher amortisation costs from large deal execution and one-time acquisition expenses.
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