Persistent Systems shares dropped 10% on June 29, becoming the top midcap loser, as brokerages raised concerns over the high cost of its Nagarro SE acquisition.

Indian IT firm Persistent Systems is making a significant move by launching a takeover bid for German digital engineering company Nagarro SE. This potential acquisition, valued at…

Persistent Systems' acquisition of Nagarro will form a $2.9 billion AI-led digital engineering powerhouse with 46,000 employees globally.

Persistent Systems' acquisition of Nagarro will form a $2.9 billion AI-led digital engineering powerhouse with 46,000 employees globally.

Persistent Systems is acquiring Nagarro SE for $1.3 billion, aiming for European expansion and reduced US market reliance. While strategically beneficial long-term, the deal,…