GENERAL29 Sept 2026
Persistent-Nagarro deal reflects Indian firms’ growing outbound M&A push: Barclays CEO - CNBC TV18
Persistent Systems has bought Nagarro, a technology company based in Germany. Barclays' group chief executive C.S. Venkatakrishnan says this shows Indian firms now use overseas acquisitions to take capabilities built at home into global markets. For business owners, buying foreign companies is becoming a normal growth route. If you plan to buy a foreign company, get expert help on cross-border tax and compliance before you sign.
Key Statutory Highlights
- Persistent Systems has acquired Nagarro, a Germany-based technology company.
- Barclays Group Chief Executive Officer C.S. Venkatakrishnan says Indian companies are increasingly using outbound mergers and acquisitions (M&A).
- He says Indian firms use these overseas acquisitions to take capabilities developed in India to global markets.
Actionable Advice for Taxpayers / Founders:If you are thinking about buying a business outside India, speak to a tax advisor about the cross-border tax and compliance points before signing, and check how the deal would be treated in India.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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