VERIFIEDET Markets·29 Jun 2026negative

Rs 8,350 crore crash in Persistent shares explained: Why investors are worried about Nagarro deal

AI Summary

·Persistent Systems' shares fell by approximately 11% after announcing the acquisition of Nagarro for €1.27 billion.
·The acquisition is intended to strengthen Persistent Systems' presence and revenue in Europe.
·Brokerages have raised concerns regarding the valuation of the deal and potential execution risks.