Persistent Systems Plans Debut Rupee Debt Sale to Fund Acquisition
The Indian IT firm plans to raise up to 80 billion rupees ($842 million) through rupee-denominated bonds with maturities of up to five years, two merchant bankers said.
By Khushi Malhotra and Dharamraj DhutiaIndian IT firm Persistent Systems NSE:PERSISTENT is set to raise up to 80 billion rupees ($842 million) through the sale of rupee-denominated bonds with multiple shorter-duration papers of up to five-year maturity, two merchant bankers said on Friday.The compa…