National Company Law Tribunal (NCLT) Mumbai, has sanctioned the merger of M/s. Capiot Software Private Limited, a wholly-owned subsidiary, into Persistent Systems Limited.
The order, dated April 9, 2025, for the merger by absorption was received by Persistent Systems on April 11, 2025.
The merger's appointed date is set as April 1, 2024.
This merger is aimed at simplifying the corporate structure, enhancing synergy, and streamlining operations by eliminating redundant corporate processes, as Capiot Software is already a wholly owned subsidiary and operates in a similar line of business.