{"id":1044315,"date":"2026-10-17T08:48:08","date_gmt":"2026-10-17T03:18:08","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1044315"},"modified":"2026-10-17T10:06:15","modified_gmt":"2026-10-17T04:36:15","slug":"persistent-systems-to-raise-rs-9000-cr-via-debt-to-fund-nagarro-acquisition-q2-profit-drops-25-2","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/10\/17\/persistent-systems-to-raise-rs-9000-cr-via-debt-to-fund-nagarro-acquisition-q2-profit-drops-25-2\/","title":{"rendered":"Persistent Systems to raise Rs 9,000 cr via debt to fund Nagarro acquisition; Q2 profit drops 25%"},"content":{"rendered":"<p>IT firm Persistent Systems\u2019 board of directors approved the issuance of short-term debt instruments to raise capital worth Rs 9,000 crore. The issuance of non-convertible debentures and commercial papers is being considered as part of long-term debt financing related to Persistent\u2019s acquisition of Nagarro SE. <\/p>\n<p>Persistent Systems to issue NCDs and CPs worth Rs 9,000 crore <\/p>\n<p>The Pune-based firm has proposed to issue NCDs worth Rs 8,000 crore on a private allotment basis. The company said in its regulatory filing that these securities will be listed on the National Stock Exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IT firm Persistent Systems\u2019 board of directors approved the issuance of short-term debt instruments to raise capital worth Rs 9,000 crore. The issuance of non-convertible debentures and commercial papers is being considered as part of long-term debt financing related to Persistent\u2019s acquisition of Nagarro SE. Persistent Systems to issue NCDs and CPs worth Rs 9,000 crore The Pune-based firm has proposed to issue NCDs worth Rs 8,000 crore on a private allotment basis. The company said in its regulatory filing that these securities will be listed on the National Stock Exchange.<\/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":[63,4,12],"tags":[],"class_list":["post-1044315","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1044315","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=1044315"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1044315\/revisions"}],"predecessor-version":[{"id":1044329,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1044315\/revisions\/1044329"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1044315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1044315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1044315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}