Persistent Systems board approves up to $1.25 billion long-term debt financing
Persistent Systems shares are in focus after its board approved a fundraise of up to $1.25 billion via long-term debt financing not exceeding $1,250 million through external commercial borrowing and non-convertible debentures.
Shares of Persistent Systems are in focus on Thursday, September 3, after the company's board approved a fund raise of up to $1.25 billion.The board has given its approval for long-term debt financing not exceeding $1,250 million through external commercial borrowing (ECB), non-convertible debentur…