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Rs 8,350 crore crash in Persistent shares explained: Why investors are worried about Nagarro deal

CJPN24 AI Desk•••2 min read
Rs 8,350 crore crash in Persistent shares explained: Why investors are worried about Nagarro deal
Rs 8,350 crore crash in Persistent shares explained: Why investors are worried about Nagarro deal
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Key Points

  • Synopsis 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 ...

Synopsis
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 ...

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Source: The Economic Times

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