National Company Law Tribunal Sanctions Merger of Arrka Infosec into Persistent Systems
Persistent Systems Ltd announced that the merger of M/s. Arrka Infosec Private Limited into the company has been sanctioned by the Hon'ble National Company Law Tribunal, Mumbai. The merger involves the absorption of Arrka Infosec Private Limited, which is a wholly owned subsidiary of Persistent Systems Ltd.The National Company Law Tribunal (NCLT) issued its order sanctioning the absorption merger on April 21, 2026. Persistent Systems Ltd confirmed that the company received the official notification regarding the sanction via email on April 21, 2026, at 2138 Hrs. IST.
The company stated that a certified copy of the NCLT Order is currently awaited and will be submitted to the stock exchanges upon its receipt.
PERSISTENT Stock Price Movement
Today, Persistent Systems Limited shares shed 4.88% after settling at ₹5073.3, marking a considerable downturn from its previous close. The stock saw high trading interest, completing the session on a volume of 2.18 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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