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Persistent Systems to acquire 100% shareholding in Persistent Systems UK

20 Mar 2024 Evaluate

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.

Peers
Company Name CMP
TCS 2487.00
Infosys 1137.05
HCL Technologies 1407.00
Wipro 189.50
Tech Mahindra 1777.95
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