Persistent Systems is raising over ₹6,000 crore via NCDs to finish financing the Nagarro deal, after the ₹4,264 crore QIP earlier this week. The notes replace an 18-month Barclays bridge with average

What happened: Persistent Systems plans to raise more than Rs 6,000 crore through non-convertible debentures to fund its acquisition of Nagarro SE. Key numbers: Over Rs 6,000 crore via NCDs, maturities of one to five years averaging three years. QIP raised Rs 4,264 crore. 94% of Nagarro shares secured. Total acquisition value around $1.25 billion. Why it matters: The NCD issuance follows the completed QIP, and additional debt financing is still to be arranged for the deal.

Persistent Systems plans to raise more than Rs 6,000 crore through non-convertible debentures to fund its acquisition of Nagarro SE.

The NCD issuance follows the completed QIP, and additional debt financing is still to be arranged for the deal.