Bengaluru
has announced the merger of its step-down subsidiary, Persistent Telecom Solutions Inc, US, into its wholly-owned subsidiary, Persistent Systems Inc, USA.
The merger is effective as of February 28, 2026. The company is in receipt of the certificate of merger from the Secretary of the State of Delaware on March 3, 2026, it informed the stock exchanges.
The transaction, classified as an arm’s length deal, does not involve cash consideration or changes in the shareholding pattern of the listed entity.
(This article was generated using AI and vetted by a journalist).