Rs 8350 Crore Crash In Persistent Shares Explained Why Investors Are Worried About Nagarro Deal
Economic Times
Persistent Systems' shares plunged nearly 11% following its announcement to acquire Germany-based Nagarro for 1.27 billion.
Persistent Systems' shares plunged nearly 11% following its announcement to acquire Germany-based Nagarro for €1.27 billion. While the deal aims to boost European presence and revenue, brokerages expressed caution over pricey valuations and execution risks.
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