Persistent Systems shares fall over 3% as board gives nod for $1.25 billion fundraise. Check details
Persistent Systems approved plans to raise up to $1.25 billion through debt and up to $450 million via equity-linked instruments, subject to approvals.
The IT firm reported strong bookings and revenue growth in Q1, though profit declined due to forex losses.
Shares have gained 21% over six months.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
