Persistent Systems inches up on entering into Asset Purchase Agreement with SoHo Dragon
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Persistent Systems is currently trading at Rs. 5280.00, up by 6.85 points or 0.13% from its previous closing of Rs. 5273.15 on the BSE.
The scrip opened at Rs. 5300.00 and has touched a high and low of Rs. 5319.90 and Rs. 5269.00 respectively. So far 1911 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 5331.90 on 06-Sep-2024 and a 52 week low of Rs. 2790.00 on 09-Oct-2023.
Last one week high and low of the scrip stood at Rs. 5331.90 and Rs. 5129.90 respectively. The current market cap of the company is Rs. 81383.84 crore.
The promoters holding in the company stood at 31.02%, while Institutions and Non-Institutions held 50.78% and 18.19% respectively.
Persistent Systems and Persistent Systems, Inc. (collectively the ‘Company’ or ‘Persistent’) have entered into an Asset Purchase Agreement with SoHo Dragon Inc. for the acquisition of its identified assets on September 10, 2024. SoHo is primarily in the business of providing IT services to BFSI customers. The acquisition of the select assets will help in consolidating the relationship with a strategic and large customer in the BFSI domain. It is expected that the acquisition of assets will be completed within 4-8 weeks subject to satisfaction of customary closing conditions.
Persistent Systems is a global company specializing in software product and technology services.
