Linklaters advises on Persistent Systems’ INR 42.65bn qualified institutional placement of shares in India

Linklaters has advised the book running lead managers on Persistent Systems Limited’s qualified institutional placement (QIP) of equity shares, raising approximately INR 42.65bn.

Persistent Systems is a global digital engineering and enterprise modernisation company. The QIP supports the financing of Persistent Systems’ proposed acquisition of Nagarro SE, a German-listed digital engineering company. The offering attracted broad participation from domestic and international institutional investors.

The Linklaters team was led by partner and Head of India Practice Amit Singh and capital markets partner Xunming Lim, with support from Anandee Banerji, Manish Soni and Anoushka Kothari.

Amit Singh, partner and Head of India Practice at Linklaters, commented:

“This transaction demonstrates the role India’s equity capital markets can play in supporting significant cross-border acquisitions by Indian businesses. Congratulations to Persistent Systems and everyone involved.”

With more than 50 years of on-the-ground experience in Asia, Linklaters has an established reputation as a leading adviser on India-related capital markets transactions. The firm regularly advises issuers, financial institutions and investors on significant equity offerings across a diverse range of sectors, including the recent qualified institutional placements by Adani Group company Cemindia Projects, IRB InvIT Fund and Piramal Finance.