Persistent Systems Limited has announced that the minimum acceptance threshold condition for its public takeover offer to the shareholders of Nagarro SE has been fulfilled. This significant milestone, as of September 17, 2026, paves the way for the potential completion of the offer, as outlined in section 12.1.1 of the Offer Document. This development is a crucial step in the ongoing acquisition process.
Takeover Offer Milestone Achieved
Persistent Systems Limited has confirmed a key development regarding its public takeover offer for Nagarro SE. The company announced on September 18, 2026, that the offer condition related to the minimum acceptance threshold has been successfully met. This critical condition, detailed in section 12.1.1 of the Offer Document, was satisfied as of the expiry of the acceptance period on September 17, 2026.
Implications for Nagarro SE Shareholders
The fulfillment of this condition marks a significant step forward in the takeover process initiated by Persistent Systems. Shareholders of Nagarro SE can now anticipate further updates as the offer progresses towards its potential completion. This announcement follows the earlier intimation on August 6, 2026, regarding the commencement of the acceptance period.
Source: BSE
