Persistent Systems Plans to Sell Shares to Raise Funds

With regards to the earlier Release dated October 31, 2014

mentioning purpose of Mr. S. P. Deshpande, Promoter of the
Company to sell the Companys shares in order to raise funds to
carry out philanthropic activities. Persistent Systems Ltd has now
informed BSE that in continuation of the same, the Company is in
receipt of a letter dated December 15, 2016 from Mr. Deshpande.
His plan involves transfering some of his shares to RamaPurushottam Foundation(the Foundation) as a donation on or after
December 21, 2016.
In his above-mentioned letter, he has also described his plan to shift a few shares to his close
relatives (8 Nos.) as a token of love on or after December 21, 2016. The detailed plan for the
aforesaid transfer is mentioned in his attached letter. Pursuant to the said plan, once the
shares are transferred, the Foundation and Dr. Mukund Deshpande both will be included in
the Promoter Group.

PERSISTENT redefines persistence

With time, the name Persistent has in all true respect, highlighted the companys stellar
character. But, its value proposition transcends the database connotation, for the persistence
of the companys vision, mission and values is extremely agile, guided by the ability to adjust
to the changing dynamics and evolving paradigms of the software industry. It has redefined
Persistence, in the non-data context of industries and markets, as an unflinching commitment
guided by purposeful perseverance. Since its inception, it has rebuilt and sustained its
competitive edge at every turning point of the industrys evolution.

Stock analysis
As the trading session commenced on 16th Dec, Persistent share price rolled above 2 per cent

and is trading at Rs. 618.50. The stock touched the days high and low at Rs. 621.90 and Rs.
614.05, respectively.
Dynamic Levels have identified Persistent as one of the top 500 performing stocks for this
quarter. This stock is safe for investment as it is fundamentally rich scrip.

Road ahead
The Company is moving at top speed under the stewardship of a dynamic CEO, Dr. Anand
Deshpande, and his think tank. Yet, the organization requires more change architects, in the
middle and lower layers to take on the multiple roles depending on the needs of time. Same
holds true for the marketing tribe.
Along the way, Persistent was no doubt the only Indian IT player which proactively pushed
its OPD clients to acknowledge the enduring rewards of design and build innovations,
beyond the conventional benefits of cost and process efficiencies. The companys
breakthroughs in life sciences and telecom verticals are an outcome of this persistence.
Considering its IP-led revenue growth and focused engagements with cream of the crop
customers, like the companys card and retail breakthroughs in Banking, genomics inroads
in life sciences and the Appian leverage in telecom space - Persistent looks well positioned to

capitalize on its value prop in order to fetch premium price points from a diverse clientele.

Disclaimer
The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research
team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

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penalty on for certain operational deviations.
Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/ Research Analyst/
his Relative:

Do not have any financial interest / any actual/beneficial ownership in the subject company.
Do not have any other material conflict of interest at the time of publication of the research report
Have not received any compensation from the subject company in the past twelve months
Have not managed or co-managed public offering of securities for the subject company.
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subject company, nor engaged in market making activity for the subject company
Have not served as an officer, director or employee of the subject company

Article Written by
Madhurima Chowdhury