Persistent Systems to Absorb MediaAgility India in Internal Restructuring Move
Persistent Systems Limited has approved the merger of its Wholly Owned Subsidiary, M/s. MediaAgility India Private Limited, through absorption into the parent company as part of an internal restructuring initiative. The Board of Directors sanctioned the proposal during a meeting held on June 8, 2026.The integration is aimed at achieving entity rationalization and operational efficiency within the corporate group. This merger involves the acquisition of MediaAgility India Private Limited by Persistent Systems Limited.
Details regarding the two entities forming part of the amalgamation/merger were reported as follows:
| Entity | Paid up Capital (as of March 31, 2026) | Turnover (INR million) (as of March 31, 2026) |
|---|---|---|
| MediaAgility India Private Limited (Transferor) | 3,207,490 Equity Shares of INR 10 each | 365.55 |
| Persistent Systems Limited (Transferee) | 157,750,000 Equity Shares of INR 5 each | 144,279.59 |
The business area for both entities is ITES. The transaction was noted to not fall under related party transactions, as MediaAgility India Private Limited is a Wholly Owned Subsidiary of Persistent Systems Limited (Holding Company).
PERSISTENT Stock Price Movement
Today, Persistent Systems Limited shares edged higher in the post-market session to settle at ₹5065, gaining 0.19% as they closed today. The equity traded a volume of 396,122 shares during the session.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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