Persistent Systems has officially confirmed the floor price for its upcoming share issue. The Special Committee of the Board of Directors has set the floor price at INR 5,761.00 per Equity Share. This figure is based on the pricing formula outlined in the SEBI ICDR Regulations. This clarification follows a previous communication regarding the outcome of a special committee meeting.
Persistent Systems Confirms Share Issue Floor Price
Persistent Systems Limited has provided a significant update regarding its upcoming share issuance. Following a meeting of its Special Committee of the Board of Directors held on October 21, 2026, the company has confirmed the floor price for the issue. This price has been set at INR 5,761.00 per Equity Share, referred to as the “Floor Price”.
Pricing Formula Compliance
The determination of this floor price adheres strictly to the pricing formula stipulated under the SEBI ICDR Regulations. This announcement serves as a continuation of previous correspondence detailing the outcomes of the special committee meeting. All other details as outlined in the prior letter remain unchanged. The company has requested acknowledgment of receipt for this communication.
Source: BSE
