Persistent Systems' ESOP Trust Plans Additional Share Purchase to Meet Employee Vesting Commitments
Persistent Systems Limited (PSL) has confirmed that its ESOP Trust will continue acquiring company shares in the secondary market to facilitate vesting commitments for eligible employees under its stock option schemes.The ESOP Trust, which manages and administers the Persistent Employees Stock Option Scheme 2014 (PESOS 2014) and Employee Stock Option Plan 2017 (ESOP 2017), executed a previous purchase during the period spanning May 15, 2026, to June 11, 2026. During this time, the Trust completed the secondary market purchase of 107,874 shares of the company.
The ongoing share acquisitions are designed to cater to the vesting commitments for employees and subsidiaries under both the PESOS 2014 and ESOP 2017 schemes. The ESOP Trust transfers these acquired shares to eligible employees via off-market transfer upon stock option exercise.
Looking ahead, PSL announced a plan to acquire an additional tranche of equity shares in the secondary market. This upcoming purchase is scheduled to begin during the week starting Monday, June 15, 2026. The planned acquisition is limited and will not exceed 40,000 shares, with the objective being that all purchases are completed by the end of Q1FY27, specifically before June 30, 2026.
PERSISTENT Stock Price Movement
Persistent Systems Limited shares settled at ₹4890.5 today, climbing 1.68% after gaining ₹81.00 in post-market trading. The equity closed within a narrow intraday range of ₹4845.5 to ₹4914, amid a reported volume of 519,718 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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