DBT Bureau
Pune, 10 Oct 2026
Galaxy Germany Holding SE, a wholly owned direct subsidiary of Persistent Systems Limited, said in an exchange filing that the statutory additional acceptance period for its voluntary public takeover offer for all outstanding shares of Nagarro SE expired at midnight (CEST) on October 6, 2026, and announced the final results of the offer.
During the additional acceptance period, a further 1,335,114 Nagarro shares were tendered into the Offer. Together with the 7,568,145 Nagarro shares tendered during the initial acceptance period, a total of 8,903,259 Nagarro shares have now been tendered into the Offer, representing approximately 71.94% of the share capital and voting rights of Nagarro. Combined with the approximately 22.10% stake already secured by Persistent under the share purchase agreement with Lantano Beteiligungen GmbH, Persistent has secured approximately 94.04%¹ of the share capital and voting rights of Nagarro. This result significantly exceeds the minimum acceptance threshold of 50% plus one share required for the Offer to be completed.
Sandeep Kalra,Chief Executive Officer and Executive Director,Persistent SystemsLimited said, “The final results of our offer for Nagarro are a clear endorsement of the strategic logic behind bringing Persistent and Nagarro together. We now look forward to completing the remaining steps toward closing. Together, we will build the global AI-led digital engineering player we envision.”
Following completion of the Offer and acting on a taking private strategy, Persistent, having secured more than 90% of Nagarro’s share capital¹ and voting rights, plans to initiate a squeezeout of the remaining minority shareholders of Nagarro upon closing. No final decision has been taken yet. Persistent will provide further details on the specific measures to be taken in due course.
Persistent expects the transaction to close by the end of Q1 CY27, subject to only a limited number of outstanding regulatory approvals.
