Persistent Systems approved plans to raise up to $1.25 billion through debt and up to $450 million via equity-linked instruments, subject to approvals. The IT firm reported strong bookings and revenue growth in Q1, though profit declined due to forex losses. Shares have gained 21% over six months.
Persistent Systems approved plans to raise up to $1.25 billion through debt and up to $450 million via equity-linked instruments, subject to approvals. The IT firm reported strong bookings and revenue growth in Q1, though profit declined due to forex losses. Shares have gained 21% over six months. by Soban News (international And National News)