Persistent Systems has issued a formal statement addressing recent market speculation concerning a potential merger or acquisition (M&A) opportunity. While confirming that the company continually explores inorganic growth avenues as part of its strategic business plan, the firm explicitly stated that currently, there is no imminent M&A transaction that requires immediate disclosure. Persistent assured stakeholders that transparency will be maintained should any proposal requiring regulatory intimation arise.
Official Statement on Market Rumors
Persistent Systems Limited has formally responded to market speculation circulating regarding a potential merger and acquisition (M&A) opportunity currently under discussion. This communication, dated February 24, 2026, confirms the company’s operational strategy while providing necessary regulatory clarity.
Strategic Approach to Growth
The management highlighted that, as a standard component of its ongoing business strategy, the company continually explores inorganic growth opportunities. This proactive stance is typical for organizations focused on expanding market share and capabilities.
Disclosure Status Update
Crucially, the company clarified its current disclosure obligations. Persistent Systems affirmed that, as of the date of this statement, there is no imminent M&A transaction that requires formal disclosure or intimation under relevant listing regulations. The company emphasized its commitment to being a governance-oriented entity.
Assurance of Future Transparency
In closing, Persistent Systems provided an assurance to the exchanges and its shareholders. They stated that should any M&A proposal emerge that mandates public disclosure or intimation based on the above-cited regulations, the Company will disclose the same transparently to the market without delay. The statement was officially signed by Amit Murari Atre, Company Secretary.
Source: BSE
