Persistent Systems Limited has informed the Exchange about Amalgamation/Merger

Strategic Transactions View source PDF Explain this filing

PERSISTENT · price

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Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹4700.00

prior close

₹4646.70

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.5%-2.9% vs market

Computers - Software & Consulting peers, median of 68sector+0.0%-1.4% vs sector

On the reaction day the stock moved 2.9 pts less than Nifty Midcap 150 and 1.4 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.2

15m

+0.0

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4+1.5-2.9+0.0-1.4

Next day

+1.8+0.8+1.0+0.5+1.4

+1.7-1.2+3.0-0.3+2.0

+3.0+0.4+2.7+0.1+2.9

+1.0-0.8+1.8+0.3+0.7

+0.6-1.0+1.7-0.4+1.0

+3.2-4.0+7.2-4.0+7.2

15d

+4.0-5.0+9.0-5.8+9.9

+13.1-4.4+17.5-0.9+14.1

+2.5+5.6-3.1+6.1-3.6

+6.9+5.9+0.9+4.4+2.5

UpDownMarket · Nifty Midcap 150Sector · Computers - Software & Consulting peers, median of 68Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Persistent Systems has informed exchanges that its US step-down subsidiary Starfish Associates LLC has been merged into Persistent Systems Inc., its US wholly-owned subsidiary, effective March 2, 2026. The certificate of merger was issued by the State of New Jersey on March 5, 2026. Both entities operate in the IT/ITES space, and the purpose stated is entity rationalisation and operational efficiency within the group. Persistent Systems Limited (the listed Indian parent) is not a party to the transaction, no cash or share consideration is involved, and there is no change to the shareholding pattern of the listed company.

Likely market impact

This is an internal group restructuring with no direct impact on Persistent Systems' shareholders — no cash, no share swap, and no change in the listed entity's shareholding. It is housekeeping rather than a strategic event.