HDFC AMC offloads 2% stake of Persistent Systems
HDFC Asset Management Company sold 15,76,068 equity shares or 2.06% stake of Persistent Systems on 2 December 2021.
Post transaction, HDFC Asset Management Company decreased its shareholding to 39,26,290 equity shares or 5.14% stake from 55,02,358 equity shares or 7.2% stake held in Persistent Systems. The deal was executed in open market.Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization services. The IT company reported 6.9% rise in consolidated net profit to Rs 161.75 crore on a 9.9% increase in revenue to Rs 1,351.24 crore in Q2 FY22 over Q1 FY22.
Shares of Persistent Systems were trading 1.25% lower at Rs 4,285.10 on BSE.
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First Published: Dec 06 2021 | 9:20 AM IST