Persistent Systems Limited informed the exchanges Thursday that the necessary customary closing conditions with respect to the business acquisition of Shree Infosoft Pvt. Ltd., by Persistent and the acquisition of the assets of Shree Partners LLC, USA, Parent Company of Shree Infosoft, by Persistent Systems Inc. USA, a wholly-owned subsidiary of Persistent, have been met on November 18, 2021.
The business and assets acquisition(s) as mentioned in the above-referred intimation has now been completed.
At around 2.36 pm, Persistent Systems Ltd was trading at Rs4,037.55 per piece down by Rs120.1 or 2.89% from its previous closing of Rs4,157.65 per piece on the BSE.
Related Tags: