Persistent Systems authorises QIP issue opening on October 21 at 5,550 rupees floor
Persistent Systems has authorised opening its QIP issue on October 21, with a floor price of 5,550 rupees per share, Reuters reports.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to Reuters, India's Persistent Systems Ltd has authorised the opening of its QIP issue on October 21. The floor price for the offering is set at 5,550 rupees per share.
A QIP, or qualified institutional placement, lets a company raise equity capital by selling new shares to qualified institutional buyers.
why it matters
For investors, the size and price of such an offering matter, since new shares can add some pressure on the stock. The announcement does not give the total amount to be raised.
market impact
Persistent Systems: possible dilution of share capital from new shares issued.
tags
instruments
sources
- Persistent Systems Authorises Opening Of QIP Issue On October 21 — Reuters, 21 October 2026 at 14:21 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗