Persistent Systems seeks up to $450 million in share sale priced from Rs 5,550
Indian IT services firm Persistent Systems plans a QIP of up to $450 million with a Rs 5,550 floor price per share, according to Moody's.
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what happened
Indian IT services firm Persistent Systems is seeking up to $450 million, roughly Rs 4,265 crore, through a share sale to institutional investors, according to Moody's. The company announced the plan on 21 October.
The floor price is Rs 5,550 per share, and the final issue price may come in up to 5% below that level, within regulatory limits. Pricing and the number of shares will be settled with the book-running lead managers, so the amount actually raised depends on those final terms.
This type of offering lets listed Indian companies sell securities to qualified institutional buyers without a public offering.
why it matters
For markets, the deal adds new equity supply to a single IT company. The size of any dilution depends on the final price and share count, so investors will watch the discount and the final terms closely.
market impact
Persistent Systems and Indian IT shares: new equity supply could add pressure on the company's stock
tags
instruments
sources
- Persistent Systems Opens Rs 4,265 Cr QIP At Rs 5,550 Per Share — Moody's, 22 October 2026 at 00:31 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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