Persistent Systems Limited has raised ₹4,264.61 crore from its maiden Qualified Institutional Placement of equity shares.

Khaitan & Co advised Persistent Systems on this QIP, as to Indian law.

The transaction team consisted of Sudhir Bassi (Executive Director), Gautham Srinivas (Partner), Sathvik Ponnappa (Partner), Vaishnavi Gupta (Senior Associate), Associates Dharini Shanker, Vidushi Tanya, Nalin Agnihotri and Pranav Bajpai.

Latham & Watkins served as the international legal counsel for Persistent Systems on this QIP.

Shardul Amarchand Mangaldas & Co and Linklaters advised the placement agents on this QIP on Indian and international law, respectively.

Persistent System is a multinational technology services company that provides digital engineering and enterprise modernization solutions.

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