📰 ET Markets ⚪ NEUTRAL 🕒 21 Oct 2026, 11:01 PM IST

Persistent Systems launches Rs 4,265-cr QIP; floor price set at Rs 5,550/share

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Core Development: Persistent Systems launches Rs 4,265-cr QIP; floor price set at Rs 5,550/share

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Market & Financial Impact: Persistent Systems has opened a qualified institutional placement to raise up to USD 450 million, or about Rs 4,265 crore. The IT company has set the QIP floor price at Rs 5,550 per share and may offer investors a discount of up to 5% under the approved pricing terms.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

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Persistent Systems launches Rs 4,265-cr QIP; floor price set at Rs 5,550/share

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