{"id":1033152,"date":"2026-09-04T07:54:54","date_gmt":"2026-09-04T02:24:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1033152"},"modified":"2026-09-04T08:00:20","modified_gmt":"2026-09-04T02:30:20","slug":"persistent-systems-shares-fall-over-3-as-board-gives-nod-for-1-25-billion-fundraise-check-details","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/04\/persistent-systems-shares-fall-over-3-as-board-gives-nod-for-1-25-billion-fundraise-check-details\/","title":{"rendered":"Persistent Systems shares fall over 3% as board gives nod for $1.25 billion fundraise. Check details"},"content":{"rendered":"<p>Shares of Persistent Systems declined over 3% to their day&#8217;s low of Rs 5,500 on the BSE on Thursday after the company announced its board of directors have approved plans to raise up to $1.25 billion through long-term debt financing and other eligible instruments. <\/p>\n<p>The board approved borrowing up to $1,250 million through external commercial borrowings (ECB), non-convertible debentures (NCDs) and other similar instruments. The fundraise can occur in one or more tranches, subject to shareholder and regulatory approvals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Persistent Systems declined over 3% to their day&#8217;s low of Rs 5,500 on the BSE on Thursday after the company announced its board of directors have approved plans to raise up to $1.25 billion through long-term debt financing and other eligible instruments. The board approved borrowing up to $1,250 million through external commercial borrowings (ECB), non-convertible debentures (NCDs) and other similar instruments. The fundraise can occur in one or more tranches, subject to shareholder and regulatory approvals.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1033152","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1033152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1033152"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1033152\/revisions"}],"predecessor-version":[{"id":1033173,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1033152\/revisions\/1033173"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1033152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1033152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1033152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}