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An update from Persistent Systems Limited ( (IN:PERSISTENT) ) is now available.
Persistent Systems Limited has initiated an internal group restructuring by executing a Share Purchase Agreement to transfer full ownership of three overseas subsidiaries currently held by Persistent Systems Germany GmbH. The 100% shareholding in Persistent Systems Costa Rica Limitada will move to Persistent Systems Inc. in the US, while Persistent Systems Switzerland AG and Persistent Systems S.R.L. in Romania will be transferred to Ireland-based Aepona Group Limited, all on an arm’s-length basis and for cash consideration. The company states that the changes, to be completed by March 31, 2026, are aimed at entity rationalization and improving operational efficiency within the group, aligning its international corporate structure more closely with business and geographic priorities and potentially streamlining management and reporting lines across its ITES operations.
More about Persistent Systems Limited
Persistent Systems Limited is an Indian information technology and IT-enabled services (ITES) company headquartered in Pune, providing software development, digital engineering, and related technology services to global clients across multiple geographies, including Europe, the Americas, and other international markets through various wholly owned subsidiaries.
Average Trading Volume: 17,692
Technical Sentiment Signal: Buy
Current Market Cap: 1035.3B INR
Find detailed analytics on PERSISTENT stock on TipRanks’ Stock Analysis page.