Persistent Systems Limited — JV/Acquisition, 24-04-2025: Amalgamation/Merger

Persistent Systems Limited has approved the merger of its wholly-owned subsidiary, Arrka Infosec Private Limited, into itself. The merger aims to enhance operational efficiency and streamline the entity structure. Arrka Infosec has a paid-up capital of ₹10 lakh and reported a turnover of approximately ₹29.42 million, while Persistent Systems boasts a significantly larger turnover of ₹117,280.21 million. This strategic move is focused on rationalizing operations within the group, potentially improving its market positioning and financial performance in the long run for shareholders.