ALPHA TRIBE

Persistent Systems LimitedQIP/Rights/Pref., 23-07-2025: Issue of Securities

23-07-2025 | 04:51 pm

Persistent Systems' board has approved the issuance of 1,350,000 new Equity Shares, each with a face value of ₹5. These shares, totaling ₹67.5 Lakhs at face value, will be issued to the PSPL ESOP Management Trust. This strategic move is specifically for the company's Employee Stock Option Schemes, enabling eligible employees to receive shares upon exercising their options. It reflects Persistent Systems' focus on long-term employee incentives and talent retention, aligning employee interests with shareholder value creation.

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