Persistent Systems trades higher on acquiring MediaAgility
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Persistent Systems is currently trading at Rs. 4146.10, up by 39.70 points or 0.97% from its previous closing of Rs. 4106.40 on the BSE.
The scrip opened at Rs. 4169.90 and has touched a high and low of Rs. 4174.85 and Rs. 4142.15 respectively. So far 596 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4986.85 on 03-Jan-2022 and a 52 week low of Rs. 2173.65 on 12-May-2021.
Last one week high and low of the scrip stood at Rs. 4390.00 and Rs. 4090.55 respectively. The current market cap of the company is Rs. 31383.16 crore.
The promoters holding in the company stood at 31.26%, while Institutions and Non-Institutions held 46.79% and 21.95% respectively.
Persistent Systems has completed the acquisition of MediaAgility Inc., USA and its subsidiaries in the UK, Mexico, and Singapore (affiliates), on May 4, 2022. Consequently, MediaAgility Inc., along with its affiliates has become Wholly Owned Subsidiaries of Persistent Systems Inc., USA, a wholly-owned subsidiary of the company, with effect from May 4, 2022.
Earlier, the company through its wholly owned subsidiaries and affiliates had entered into a stock purchase agreement with MediaAgility India and MediaAgility Inc to acquire MediaAgility Inc. and its subsidiaries in India, UK, Mexico and Singapore. The acquisition will enhance the company’s partnership with Google and will be the foundation for a dedicated Google business unit.
Persistent Systems is a global company specializing in software product and technology services.
