The Economic Times

Persistent Systems shares fall over 3% as board gives nod for $1.25 billion fundraise. Check details

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.