Persistent Systems Restructures UK Subsidiary

Persistent Systems Ltd announced a board-approved restructuring plan involving the transfer of its entire shareholding in Persistent Systems UK Limited to Aepona Group Limited, Ireland. This move aims to achieve entity rationalization and operational efficiency within the group. The transfer will result in Persistent Systems UK Limited becoming a wholly-owned subsidiary of Aepona Group Limited. No direct benefit is expected for the promoter or promoter group from this restructuring.