Persistent Systems has finalized the transfer of its wholly-owned stepdown subsidiary, Aepona Group Limited (Ireland), from Persistent Systems Inc. (USA) to Persistent Systems Limited (India). The transfer, completed on December 5, 2025, aims to streamline operations within the group. The deal involves the transfer of 100% shareholding and is valued at Euro 13,879,670. Aepona Group’s turnover as of March 2025 was Euro 1,271,080.12.
Aepona Group Transfer Details
Persistent Systems has completed the transfer of 100% shareholding of Aepona Group Limited, located in Ireland, effective December 5, 2025. The transfer is from Persistent Systems Inc. (USA) to Persistent Systems Limited (India). This move is part of an internal restructuring process.
Financials and Turnover
Aepona Group Limited has a paid-up capital of Euro 721,038.81. The turnover as of March 2025 was reported as Euro 1,271,080.12.
Rationale for the Transfer
The primary goal of this acquisition is to achieve entity rationalization and improve operational efficiency within the Persistent Systems group. By transferring the shareholding, the company expects to streamline processes and optimize resource allocation.
Transaction Details
The consideration for this transfer is a cash consideration, with a total cost of acquisition amounting to Euro 13,879,670. This transaction is considered an arm’s length related party transaction.
Completion Timeline
The entire process is expected to be completed by March 31, 2026.
Aepona Group Limited Background
Aepona Group Limited specializes in providing software development services and was incorporated in July 2000. The turnover for the last three financial years is as follows:
- FY’23: Nil
- FY’24: Euro 38,634.30
- FY’25: Euro 1,271,080.12
Source: BSE
