Persistent Systems has announced that its Board of Directors has approved the transfer of 100% shareholding of Aepona Group Limited, Ireland, from Persistent Systems Inc., USA, to Persistent Systems Limited. This move aims to streamline the group’s structure and enhance operational efficiency. Aepona Group Limited will become a Wholly Owned Subsidiary (WOS) of Persistent Systems post acquisition.
Strategic Acquisition of Aepona Group
Persistent Systems Limited’s Board of Directors has given the green light to acquire 100% shareholding of Aepona Group Limited, based in Ireland. The announcement was made on October 14, 2025, following a board meeting. Aepona Group Limited is currently held under Persistent Systems Inc., USA.
Rationale Behind the Acquisition
The acquisition is part of an effort to achieve entity rationalization and boost operational efficiency within the Persistent Systems group. Transferring the complete shareholding to Persistent Systems Limited will simplify the corporate structure.
Aepona Group as a Wholly Owned Subsidiary
Upon completion of the share purchase agreement (SPA), Aepona Group Limited will become a Wholly Owned Subsidiary (WOS) of Persistent Systems. This is set to consolidate operations and allow for more streamlined management.
Source: BSE
