Business Update20 Jan 2024, 09:43 pm
Persistent Systems Limited to Merge with Capiot Software Private Limited
AI Summary
The Board of Directors of Persistent Systems Limited has approved the merger of its wholly owned subsidiary, Capiot Software Private Limited, subject to receipt of necessary approvals through the National Company Law Tribunal route. The merger is aimed at achieving entity rationalization and operational efficiency within the group.,
Key Highlights
- Amalgamation of Capiot Software Private Limited with Persistent Systems Limited
- To achieve entity rationalization and operational efficiency within the group
- Merger done at an exchange ratio of 1:1