India, June 30 -- A massive 1 billion euro ($1.14 billion) bid has been placed by India's Persistent Systems to acquire Germany-based digital engineering firm Nagarro. On social media, the news has created a splash and is being hailed as a rare example of an Indian company acquiring a global one.

Following this announcement, shares of Persistent Systems fell as much as 11.9% on Monday to a near 15-month low of 4,298.50 rupees, as stock market analysts raised concerns over the deal's high valuation and potential integration risks, Reuters reported. Despite the market's cautious reaction, Nagarro's board plans to recommend the offer to its shareholders.

According to Nagarro's co-founder and CEO, Manas Human, the acquisition is about far m...