Persistent Systems Executes Share Purchase Agreement for Aepona Group
Filing Summary
Persistent Systems Limited has signed a Share Purchase Agreement on December 5, 2025, for the transfer of 100% shareholding of Aepona Group Limited from its wholly-owned subsidiary, Persistent Systems Inc., USA, to the parent company in India. The transaction, valued at Euro 13,879,670, is a related party transaction conducted at arm’s length. The acquisition aims to achieve entity rationalization and operational efficiency. The completion is expected by March 31, 2026. Aepona Group, based in Ireland, specializes in software development services.
Persistent Systems Limited has announced the execution of a Share Purchase Agreement on December 5, 2025, for the transfer of the entire shareholding of Aepona Group Limited, Ireland. The shares will be transferred from Persistent Systems Inc., a wholly-owned subsidiary in the USA, to the parent company in India.
The transaction involves a cash consideration of Euro 13,879,670. It is classified as a related party transaction conducted at arm’s length. The acquisition is part of the company’s strategy to achieve entity rationalization and operational efficiency within the group. The process is expected to be completed by March 31, 2026.
Aepona Group Limited, incorporated in July 2000, is engaged in providing software development services. The company reported a turnover of Euro 1,271,080 for the fiscal year ending March 2025. The previous fiscal years recorded turnovers of Euro 38,634 in FY 2024 and nil in FY 2023.
No governmental or regulatory approvals are required for this acquisition. The transaction is part of an internal restructuring effort by Persistent Systems to streamline its operations and enhance efficiency across its subsidiaries.
Persistent Systems Limited focuses on providing software and technology services. The company prioritizes innovation and operational efficiency to enhance its service offerings and maintain a competitive edge in the information technology sector.