StartupsVCCircleabout 4 hours ago
Persistent Systems Raises $842 Million Debt
1 min read
Indian IT firm Persistent Systems plans to raise up to 80 billion rupees, or $842 million, via rupee-denominated bonds maturing in one to five years. The company intends to use these proceeds to refinance a bridge loan for its acquisition of Germany-based technology services firm Nagarro, where it currently holds a 94% stake.
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