Persistent Systems Shares Fall Over 3% After Board Approves Rs 11,809 Crore Fundraise

India

What to know

  • The shares lowest intraday level came in at Rs 5,501 apiece on the NSE, as against a 0.31% advance in the Nifty index on ThursdayS1
  • 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. S...S2
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Persistent Systems Shares Fall Over 3% After Board Approves Rs 11,809 Crore Fundraise

The shares lowest intraday level came in at Rs 5,501 apiece on the NSE, as against a 0.31% advance in the Nifty index on Thursday

1mo Economictimes

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

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…

Persistent Systems Shares Fall Over 3% After Board Approves Rs 11,809 Crore Fundraise

2 outlets 2 reports

What to know

  • The shares lowest intraday level came in at Rs 5,501 apiece on the NSE, as against a 0.31% advance in the Nifty index on ThursdayS1
  • 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. S...S2
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Sources · 2 citations

S2 EconomictimesLead 1 report · EN