Persistent Systems Limited
SBI Life Insurance increased its stake in Persistent Systems Limited from 1.39% to 1.85%, purchasing 7,41,000 shares. The value of these additional shares is approximately ₹38.48 crore based on the share price of ₹5192.40.
A software engineering and strategy services provider that helps companies implement and modernize their business operations across industries. Persistent Systems develops proprietary software frameworks with pre-built integration and acceleration capabilities to streamline digital transformation. The company maintains strategic partnerships with leading cloud and enterprise solution providers including Salesforce and AWS, delivering comprehensive end-to-end technology solutions.
Joint venture between State Bank of India and BNP Paribas Cardif. Manages over Rs 4.7 lakh crore in total AUM with the flagship SBI Life Equity Fund alone holding over Rs 77,000 crore. One of India's largest private life insurers by AUM, with a multi-cap equity book deployed across ULIP and participating funds.