Persistent Systems inches up on launching private equity value creation hub in Plano
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Persistent Systems is currently trading at Rs. 4992.95, up by 11.20 points or 0.22% from its previous closing of Rs. 4981.75 on the BSE.
The scrip opened at Rs. 4959.95 and has touched a high and low of Rs. 4991.65 and Rs. 5007.05 respectively. So far 16593 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5278.50 on 02-Jun-2023 and a 52 week low of Rs. 3091.65 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 5083.90 and Rs. 4850.85 respectively. The current market cap of the company is Rs. 38322.11 crore.
The promoters holding in the company stood at 31.26%, while Institutions and Non-Institutions held 48.14% and 20.58% respectively.
Persistent Systems has launched its newly established Private Equity (PE) Value Creation Hub in Plano, Texas. The center will expand the Company’s onshore footprint and strengthen its presence in the rapidly evolving PE market by providing expertise across the full asset lifecycle for global PE firms and their portfolio companies.
This newest Persistent center will help PE firms to accelerate both top line and efficiency centric value creation levers for their portfolio companies. It will serve as a source of playbooks for secure corporate carve out, rapid globalization, cost rationalization, and product acceleration. Persistent has relationships with many of the world’s leading PE firms and has thousands of technologists delivering value to portfolio companies across technology, healthcare, banking, financial services, and communications segments. The company's services are tailored to meet the unique needs of each client and are well aligned to their value creation objectives.
Persistent Systems is a global company specializing in software product and technology services.
