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Persistent Systems Limited ( (IN:PERSISTENT) ) just unveiled an announcement.
Persistent Systems Limited’s board has approved an internal restructuring under which it will transfer its entire shareholding in its German and French subsidiaries—Persistent Systems Germany GmbH and Persistent Systems France S.A.S.—to Aepona Group Limited, Ireland. The move, aimed at entity rationalization and improving operational efficiency within the group, will make the German and French units wholly owned subsidiaries of Aepona Group, with no stated special benefits to the promoter group; the restructuring primarily reshapes the internal shareholding pattern of the company’s European operations without indicating broader financial or ownership changes at the listed parent entity.
More about Persistent Systems Limited
Persistent Systems Limited is an India-headquartered technology services company based in Pune, Maharashtra, operating in the IT services and consulting industry. The company provides software development, digital engineering, and related technology solutions to global clients, with a network of international subsidiaries supporting its operations in key markets such as Europe.
Average Trading Volume: 15,595
Technical Sentiment Signal: Buy
Current Market Cap: 1010.1B INR
Learn more about PERSISTENT stock on TipRanks’ Stock Analysis page.