Persistent Systems to Acquire Additional Shares Through Secondary Market Purchases Via ESOP Trust
Persistent Systems Limited announced plans for the continued secondary market purchase of its equity shares by the company's ESOP Trust. This activity is aimed at meeting the vesting commitments of eligible employees under the Persistent Employees Stock Option Scheme 2014 (PESOS 2014) and the Employee Stock Option Plan 2017 (ESOP 2017).The ESOP Trust manages and administers the aforementioned employee stock option schemes, which were approved through shareholders' resolutions. When employees exercise their stock options, the Trust transfers the shares to the respective eligible employees through off-market transfer to their demat accounts.
In recent months, the Trust successfully completed significant purchases in the secondary market.
| Period | Shares Purchased |
|---|---|
| March 16, 2026 to March 24, 2026 | 212,232 Shares |
| Total in March 2026 | 437,232 Shares |
Looking ahead, the company has decided to acquire an additional equity stake, not exceeding 125,000 Shares, by the end of Q1FY27, specifically before June 30, 2026.
These additional acquisitions will proceed through the following defined mechanism:
1. Purchase of shares in multiple tranches by the ESOP Trust, excluding periods when the Trading Window is closed.
The purchase plan is slated to begin on Friday, May 15, 2026, ensuring the ongoing support for employee vesting commitments and the management of the company's ESOP structure.
PERSISTENT Stock Price Movement
On Thursday, Persistent Systems Limited slipped by 4.44%, finishing the session at ₹4628.8. The stock traded on substantial volume, recording 758,017 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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