Persistent Systems' shares plunged nearly 11% following its announcement to acquire Germany-based Nagarro for €1.27 billion. While the deal aims to boost European presence and revenue, brokerages expressed caution over pricey valuations and execution risks.
Persistent Systems' shares plummeted nearly 11% after announcing the acquisition of Germany-based Nagarro for €1.27 billion. While the deal aims to expand European presence and revenue, brokerages have raised concerns regarding its pricey valuation and potential execution risks.
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