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  • 39,735.53-66.2-0.17%
  • 15,763.05-15.4-0.1%
Persistent Systems Ltd (Application Software)Last traded on( 30/Jul/2021)

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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
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (the Regulations) we wish to inform you that Persistent Systems Limited India and its 100% subsidiary Persistent Systems Inc. USA have entered into the Stock Purchase Agreement with Capiot Software Inc. USA on October 15 2020 to acquire Capiot Software Inc. USA along with its subsidiaries in India Singapore and Australia. The acquisition is subject to customary closing conditions which are expected to be completed within 2-4 weeks. Accordingly the Company will inform the closure of the transaction to the stock exchanges. In this regard please find enclosed an intimation and the details of the said acquisition as prescribed under Reg. 30(2) and (6) of the Regulations read with Schedule III to the Regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9 2015 as an Annexure.15/Oct/2020