Persistent's Takeover Offer for Nagarro Successful

USA - English USA - English News provided by Persistent Systems Sep 22, 2026, 10:33 ET Share this article Share to X Share this article Share to X Additional Acceptance Period to run from September 23, 2026 to October 6, 2026 Persistent has secured a total of 83.25% 1 of Nagarro's outstanding share capital by the end of the acceptance period Additional acceptance period of two weeks starts on September 23, 2026: Nagarro shareholders have until October 6, 2026, to tender their shares and secure EUR 81.00 per Nagarro share in cash Persistent intends to pursue a delisting of Nagarro shares from the regulated market (Prime Standard) of the Frankfurt Stock Exchange as soon as practicable and legally feasible; closing of the transaction expected by the end of Q1 CY27 All details and the offer document are available at www.galaxy-offer.com MUNICH and PUNE, India , Sept. 22, 2026 /PRNewswire/ -- News Summary Galaxy Germany Holding SE (the " Bidder" ), a wholly-owned direct subsidiary of Persistent Systems Limited (BSE: 533179) (NSE: PERSISTENT) (together " Persistent "), today announced the initial results for its Voluntary Public Takeover Offer for all outstanding shares of Nagarro SE (" Nagarro ") (the " Offer "). The acceptance period expired at midnight (CEST) on September 17, 2026. During the acceptance period, 7,568,145 Nagarro shares were tendered into the Offer. This represents approximately 61.15% 1 of the total share capital and voting rights of Nagarro.