In TrendsApple Event 2026iPhone 18 ProSensex TodayIPO SubscriptionNSE IPONifty OutlookStocks to WatchPersistent Systems eyes mid-teen growth after Nagarro acquisition; fundraise plan takes shapeSandeep Kalra, Executive Director and CEO of Persistent Systems, said the company could raise up to $1.25 billion through a QIP/FCCB, with the final decision dependent on tender offer results, market demand and board approval. The fundraise is expected to be completed between late October and the third week of November, subject to regulatory approvals.By Reema Tendulkar | Nigel D'Souza | Mangalam Maloo September 10, 2026, 9:30:57 AM IST (Published)Persistent Systems expects its growth profile to remain strong after the proposed Nagarro acquisition, with management targeting mid-teen or higher growth for the combined business over the next two to three years.At the same time, the Pune-based IT services company is working on a funding plan of up to $1.25 billion as it prepares for the next stage of the Nagarro deal.Sandeep Kalra, Executive Director and CEO of Persistent Systems, said the company expects Nagarro's growth to improve gradually and converge with Persistent's performance over time.He added, “We have said publicly, over the next two to three years, we expect it to normalise and the two companies to grow…
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