Persistent Systems Buyback 2019
Persistent Systems is a technology services company which was incorporated on 16 May 1990 as Persistent Systems Private Limited. It was subsequently converted into a public Limited company on 17 September 2010 with the name Persistent Systems Limited and a new certificate of incorporation was issued on 28 September 2007 from the RoC.
1. Service areas such as Bigdata, Analytics, and BI.
2. Domains areas such as BFSI, Healthcare, Telecom, Media and Retail.
3. Products engineering such as Integration, Data Development, Owned IPs, Certification Labs.
4. IP and accelerators such as Share insights, Connector factory, Haddop, and Spark development.
Buy Back Offer Deal:
|Buyback Type:||Open market|
|Buyback Opening Date:||Feb 08 2019|
|Buyback Closing Date:||Aug 07 2019|
|Buyback Offer Amount:||₹ 225 Cr|
|Date of Board Meeting approving the proposal:||Jan 27 2019|
|Date of Public Announcement:||Jan 27 2019|
|Buyback Offer Size:||3.75%|
|Buyback Number of Shares:||3000000|
|Buyback Price:||₹ 750 Per Equity Share|
Details of Buyback:
Salient financial parameters: