{
  "id": 5248406,
  "title": "Persistent Systems shares fall over 3% as board gives nod for $1.25 billion fundraise. Check details",
  "url": "https://urgent.news/2026/09/03/persistent-systems-shares-fall-over-3-as-board-gives-nod-for-1-25",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-03T03:30:37.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/persistent-systems-shares-in-focus-as-board-gives-nod-for-1-25-billion-fundraise-check-details/articleshow/133724266.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}