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Persistent
BSE: 533179NSE: PERSISTENTISIN: INE262H01013

18th-Nov-2021 21:23Source: BSE

Persistent Systems - Announcement under Regulation 30 (LODR)-Updates on Acquisition

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Regulations') and further to our above referred intimation, we wish to inform you that the necessary customary closing conditions with respect to the business acquisition of Shree Infosoft Pvt. Ltd., ('Shree Infosoft') by Persistent Systems Limited ('Persistent') and the assets acquisition of Shree Partners LLC, USA, ('Shree Partners') Parent Company of Shree Infosoft, by Persistent Systems Inc. USA, a wholly owned subsidiary of Persistent, have been met on November 18, 2021.

We hereby confirm that the business and assets acquisition(s) as mentioned in above-referred intimation has now been completed.

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