Persistent Systems Limited completes closing conditions for business acquisition
Persistent Systems · IT - Software
Key highlights
- Agreement with M/s. Concise Systems OÜ, Estonia signed on May 28, 2026, for business part acquisition
- Customary closing conditions fulfilled on July 1, 2026
- Intimation issued as per SEBI regulations and circulars dated July 13, 2023, and January 30, 2026
Why it's rated notable: The closing conditions of the acquisition of part of Concise Systems OÜ's business have been met, but the filing states no consideration or revenue figure, so the level is medium by default.
Original filing
Announcement under Regulation 30 (LODR)-Updates on Acquisition
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Persistent Systems
- OtherNotablePersistent Systems Limited files details on unsecured and secured Series Debentures
- Fundraise / allotmentNotablePersistent Systems approves allocation of 7,683,981 equity shares via QIP on Oct 26, 2026
- Fundraise / allotmentNotablePersistent Systems allots 7,683,981 shares via QIP at ₹5,550 each
- Fundraise / allotmentNotablePersistent Systems allots 7,683,981 shares via QIP at ₹5,550 each, ₹42,646.09 million
- Fundraise / allotmentNotablePersistent Systems approves QIP Issue with floor price of ₹5,550 per share
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Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Software
on management's own guidance
- Strong growth2
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.