Menu Top Menu
  • 60,821.62-101.9-0.17%
  • 18,114.90-63.2-0.35%
Persistent Systems Ltd (Application Software)Last traded on( 22/Oct/2021)

Latest Price Information

Current Price
Previous Close
Open Price
High Price
Low Price
Close Price

Company Announcements

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (the Regulations) we wish to inform about the following transactions: Persistent Systems Inc. USA a wholly owned subsidiary of the Company has entered into a Stock Purchase Agreement with Software Corporation International (Software Corporation) and its affiliate Fusion360 LLC (Fusion360) on September 29 2021 to acquire Software Corporation and Fusion360 (together referred to as (SCI) hereinafter). Persistent Systems Limited (the Company) has entered into an Agreement with Shree Infosoft Pvt. Ltd. India (Shree Infosoft) on September 29 2021 to acquire its business. Along with this transaction the Company through its wholly owned subsidiary Persistent Systems Inc. USA will acquire certain assets from Shree Partners LLC USA (Shree Partners) Parent company of Shree Infosoft. Please refer attached annexure for further details.29/Sep/2021
The pool of shares to be transferred by the ESOP Trust to the eligible employees upon their RSU/ ESOP exercise would be created by a mix of purchasing Company shares by the ESOP Trust from the secondary market and fresh issue of shares by the Company to the ESOP Trust. As regards purchase of shares by the ESOP Trust from the secondary market based on the grants made by the Company the current requirement for creation of sufficient pool of Company shares for honoring exercise of RSUs/ ESOPs being immediately vested under the PESOS 2014 and ESOP 2017 Scheme is 800000 Company shares. Accordingly it has been decided to acquire the abovementioned 800000 Company Shares from Secondary Market through ESOP Trust. The above plan of purchase will be executed from Wednesday August 4 2021.29/Jul/2021