Persistent Systems Opens $450 Million QIP at ₹5,550 Floor Price
Persistent Systems opened a qualified institutional placement to raise up to $450 million, or about Rs 4,265 crore, setting a floor price of Rs 5,550 per share.
IT firm Persistent Systems has opened a qualified institutional placement (QIP) to raise up to USD 450 million, or about Rs 4,265 crore, and set the floor price at Rs 5,550 per share.The company informed the stock exchanges on Wednesday that its special committee of the board approved the opening o…