Persistent Systems Ltd biggest recent headline is Persistent’s plan to acquire Nagarro SE for about $1.3 billion.

$PERSISTENT The company has signed a Business Combination Agreement to form the Persistent–Nagarro Group, and intends to launch a voluntary public takeover offer for all outstanding Nagarro shares at EUR 81 per share, aiming to create a global leader in AI‑led digital engineering. Economic Times notes that the deal should help Persistent expand in Europe and reduce reliance on the US market, but also flags near‑term risks because Nagarro’s growth has slowed and the acquisition is largely debt‑funded.