Persistent Systems has executed Share Purchase Agreement (SPA). As per SPA, the 100% shareholding of Persistent Systems UK (stepdown subsidiary) will be transferred from Aepona Group, Ireland (stepdown subsidiary) to Persistent Systems.
To achieve entity rationalization and operational efficiency within the group by way of transfer of 100% shareholding of Persistent Systems UK to the Company resulting into its Wholly Owned Subsidiary.
Persistent Systems is a global company specializing in software product and technology services.
