Persistent Systems shares fell as much as 8% after announcing its 1.1 billion euro worth acquisition of Germany's Nagarro. While brokerages backed the strategic rationale, they flagged execution and valuation risks.
Persistent Systems shares dropped 8% following the announcement of its 1.1 billion euro acquisition of Germany's Nagarro. Brokerages acknowledged the strategic benefits but expressed concerns regarding execution and the high valuation of the deal. This has led to a split among…
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