5331792026-06-275331792026-06-272026-06-27iso4217:INRxbrli:pure533179Persistent Systems LimitedPERSISTENTNOTLISTEDINE262H01021NewAcquisition (including agreement to acquire)true2026-06-2702:13:002026-06-27Galaxy Germany Holding SESubsidiaryNagarro SE107334400000424180000016651100000falsefalsetrueIT services and IT enabled servicesNagarro is a Munich-headquartered leader in digital engineering with ~18,500 employees across 40+ countries, deep roots in industrial, consumer, TMT and BFSI verticals and a total revenue of EUR 1 billion (CY25). Persistent – Nagarro Group forms a perfect strategic fit, combining Persistent’s AI-led engineering leadership, North American scale and partnership depth with Nagarro’s European business, complementary verticals, AI expertise, and ERP and CX delivery, to create a ~USD 2.9 billion AI-led engineering powerhouse with 46,000+ employees across 40+ countries.YesThe execution and ultimate consummation of the deal is subject to various factors including receipt of necessary approvals by the Government/ Semi Government/ Regulatory/ Statutory/ Local authorities (such as Overseas Investment authority, Competition Commission, Securities Exchange) of the relevant jurisdictions in India and abroad.trueSettlement of the Voluntary Public Takeover Offer is expected in Q4 CY2026 / Q1 CY2027.Cash22505900000EUR 81.00 per share2250590000001Nagarro was founded in 1996. As an independent European stock corporation (Societas Europaea, or SE), it was officially incorporated in Germany on January 28, 2020. It has 18,500 approx. employees spread across 40+ countries. It is a diversified digital engineering leader delivering full-stack solutions across digital engineering, intelligent enterprise, and experience & design. The key industries Nagarro operates in include Industrials, Consumer, TMT and BFSI.Germany, Europe, US, India, RoW