PERSISTENT SYSTEMS: APPROVES FUNDRAISING PLANS UP TO $1.7 BILLION •… — Bazaar.Update📊

Bazaar.Update📊@BazaarUpdate · 14.5K subscribers Open in TelegramOpen

PERSISTENT SYSTEMS: APPROVES FUNDRAISING PLANS UP TO $1.7 BILLION

• Board approves alteration of the Articles of Association to facilitate proposed fundraising.

• Long-term debt financing of up to $1.25 billion through ECBs, NCDs or similar instruments.

• Additional fundraising of up to $450 million through FCCBs, QIP, preferential issue or other permitted modes.

• Proposed fundraising is subject to members’ and regulatory approvals.

• EGM notice to be submitted shortly.

t.me/BazaarUpdate/107228