Board of Persistent Systems approves buyback of shares up to Rs 225 cr

At meeting held on 28 January 2019

The Board of Persistent Systems at its meeting held on 28 January 2019 has approved buyback of equity shares for an aggregate amount not exceeding Rs 225 crore at price not exceeding Rs 750 per share.

At the Maximum Buyback Price and for the Maximum Buyback Size, the indicative maximum number of Equity Shares bought back would be 3,000,000 ("Maximum Buyback Shares") which is 3. 75% of the total number of paid-up Equity Shares of the Company.

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