Persistent Systems launches QIP to raise up to ₹4,265 crore
Persistent Systems opened a qualified institutional placement on October 21, setting a floor price of ₹5,550 per share. The company aims to raise up to $450 million, about ₹4,265 crore.
Persistent Systems has launched a qualified institutional placement (QIP) to raise up to $450 million (about ₹4,265 crore), with the company's board-appointed committee approving the issue's opening on October 21.The company has fixed the floor price at ₹5,550 per equity share in line with SEBI reg…