Tag
M&A / Stake Purchase / Joint Venture
7 articles
Persistent Systems is significantly expanding its digital engineering capabilities through the acquisition of Nagarro SE for approximately €1.27 billion, creating a combined entity focused on AI-led solutions. The company has already secured an 83.25% stake in Nagarro and intends to delist it from the Frankfurt Stock Exchange, anticipating transaction closure by the end of Q1 CY27. This strategic move, alongside Persistent's reported 16.1% year-over-year revenue growth and 16.0% EBIT margin in Q1 FY27, underscores a commitment to bolstering its market position and capitalizing on the growing demand for digital transformation services, potentially attracting investors seeking exposure to the AI-driven engineering space.
Restile Ceramics EOGM Corrigendum on Share Swap Acquisition
Issued corrigendum to EOGM notice dated September 28, 2026 regarding changes to explanatory statement for shareholder approval of five key resolutions.
Proposes acquisition of Bell Granito Ceramica Li
Sai Parenterals Acquires 60% Stake in Prathyak Labs
Sai Parenterals acquired 60% equity stake in Prathyak Laboratories for Rs. 15 crore using IPO proceeds.
Acquisition provides operational R&D facility with 28 scientists and 150 SKU pipeline in complex
Aurobindo Pharma Subsidiary Completes A1 Biochem Acquisition
Aurobindo Pharma's subsidiary Apitoria completed acquisition of A1 Biochem's Contract Research Services business.
Apitoria now holds 80% stake in A1 Biochem Labs India and 20% is held by former promot
Sun Pharma Seeks Shareholder Approvals for ESOP and Acquisition
Sun Pharma proposes new ESOP 2026 plan for up to 12 million options using secondary market shares without dilution.
Company seeks enhanced borrowing limit of ₹700 billion and investment limit of ₹800
Persistent Systems Q1 FY27 Investor Meet & Nagarro Acquisition
Persistent Systems held one-on-one investor meetings with five major mutual funds on September 24, 2026, reiterating its Q1 FY27 financial performance.
The company reported strong Q1 FY27 results with
Persistent Systems Q1 Revenue Up 16.1% YoY
Persistent Systems reported Q1 FY27 revenue of $452.4M with 16.1% YoY growth and EBIT margin of 16.0%.
The company announced acquisition of Nagarro SE for ~€1.27B enterprise value to create a global A
GTT Data Solutions Reports FY26 Loss, Proposes Major Acquisitions
GTT Data Solutions reported consolidated net loss of ₹1,647.18 lakhs for FY26 with significant impairment charges on investments and current liabilities exceeding current assets.
Company issued corrig