India, June 29 -- The board of Persistent Systems at its meeting held on 26 -27 June 2026 has approved the following:- The establishment of Galaxy Germany Holding SE as a wholly owned subsidiary of the company, by way of acquiring its 100% stake through the local consultant in Germany. The entity currently has no operational business and is acquired to serve as a strategic vehicle for pursuing potential M&A opportunities in the European region.- The acquisition of the shareholding of Nagarro SE, a listed entity in Germany (target company) from its largest shareholder namely Lantano Beteiligungen GmbH, a German entity (represented by Carl-Georg D'rschmidt).In line with this objective and as mentioned above, the company has acquired Galaxy Ge...