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Persistent Systems Limited ( (IN:PERSISTENT) ) has issued an update.
Persistent Systems Limited has announced the acquisition of Aepona Group Limited, an ITES company based in Ireland, as part of an internal restructuring strategy. The acquisition, which involves a cash consideration of Euro 13,879,670, aims to transfer 100% shareholding from Persistent Systems Inc., USA to Persistent Systems Limited, India, enhancing operational efficiency and entity rationalization within the group.
More about Persistent Systems Limited
Persistent Systems Limited is a company operating in the IT and IT-enabled services (ITES) industry. It specializes in software development services and focuses on achieving operational efficiency and entity rationalization within its group.
Average Trading Volume: 18,107
Technical Sentiment Signal: Buy
Current Market Cap: 1017.4B INR
For a thorough assessment of PERSISTENT stock, go to TipRanks’ Stock Analysis page.