Persistent Systems Ltd Transfers 100% Shareholding of Persistent Systems Germany GmbH to Aepona Group Limited, Ireland

Persistent Systems Ltd has informed about the execution of the Share Purchase Agreement (SPA) for the transfer of 100% shareholding of Persistent Systems Germany GmbH to Aepona Group Limited, Ireland. This is a part of internal group restructuring. The transaction is a related party transaction at arm’s length and is expected to achieve entity rationalization and operational efficiency within the group. The consideration is a share swap and the closing date is by March 31, 2026. Persistent Systems Germany GmbH is engaged in software development and allied activities.