(18-Apr-2011 Hours IST)
Persistent Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 18, 2011, has approved the followings: (a) Subject to approval of shareholders and regulatory authorities, the Board of Directors has approved merging of Persistent eBusiness Solutions Limited (PeBS) and Persistent Systems and Solutions Limited (PSSL), both wholly owned subsidiaries, with Persistent Systems Limited. Persistent Systems Limited has informed the Exchange vide its letter dated August 25,2011, regarding 'Amalgamation of Persistent Systems and Solutions Limited and Persistent eBusiness Solutions Limited with Persistent Systems Limited'. (As Per NSE Bulletin Dated on 02/09/2011)
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