Persistent Systems hits 52-week high on acquiring US firm for $20.7 mn

Persistent Systems shares rise: On Wednesday, Shares of Persistent Systems soared up to 2.08 per cent, hitting its 52-week high at Rs 4,592.50 per share on the BSE in intraday deals.

This came after Persistent Systems Inc., the US-based subsidiary of company, entered into a stock purchase agreement on July 2, 2024, to acquire Starfish Associates for a total acquisition cost of $20.7 million.