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 plunged nearly 11% after announcing a €1.27 billion deal to acquire Germany-based Nagarro. While the acquisition aims to expand its European footprint and revenue, analysts raised concerns regarding the high valuation and potential execution…
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