Persistent Systems shares fall over 3% as board gives nod for $1.25 billion fundraise. Check details

September 3, 2026

Persistent Systems approved plans to raise up to $1.25 billion through debt and up to $450 million via equity-linked instruments, subject to approvals. The IT firm reported strong bookings and revenue growth in Q1, though profit declined due to forex losses. Shares have gained 21% over six months.

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