Persistent Systems Announces Transfer of Subsidiary Shareholding
Persistent Systems Ltd. announced on March 25, 2026, the signing of a Share Purchase Agreement (SPA) to transfer 100% of the shareholding of Persistent Systems France S.A.S., a wholly-owned subsidiary, to Aepona Group Limited, Ireland, also a wholly-owned subsidiary. The transaction is part of an internal group restructuring initiative.The transfer, executed as an arm’s length transaction, aims to achieve entity rationalization and operational efficiency within the group. Following the restructuring, Persistent Systems France S.A.S. will be considered a step-down subsidiary of Persistent Systems Ltd. The completion of the transfer is expected by March 31, 2026.
Key Details of the Transaction:
| Particulars | Details |
|---|---|
| Target Entity: | Persistent Systems France S.A.S. |
| Paid up Capital: | Euro 1,500,000 |
| Turnover (FY25): | EUR 6,183,053 |
| Consideration: | Share Swap – Equivalent number of equity shares of Aepona Group Limited will be allotted to Persistent Systems Ltd. |
| Cost: | EUR 1,132,991 |
| Date of Incorporation (Persistent Systems France S.A.S.): | April 2011 |
| Turnover (FY23): | EUR 12,739,732 |
| Turnover (FY24): | EUR 8,156,767 |
Persistent Systems France S.A.S. is engaged in software products and services, information technology and related activities.
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