Persistent’s offer for Nagarro closes, with approximately 94.04% of shares tendered

After the additional acceptance period ended, Persistent’s voluntary public takeover offer for Nagarro received acceptances for approximately 94.04% of the shares and voting rights in total, well above the minimum threshold of 50% plus one share. Having obtained more than 90% of the shares, Persistent plans to squeeze out the remaining minority shareholders after closing, but has not yet made a final decision. The transaction is expected to close by the end of the first quarter of 2027 and remains subject to a small number of regulatory approvals.