Kotak Mutual Fund increased its stake in Persistent Systems Limited from 1.43% to 1.52%, buying 1,39,589 shares. The value of the additional shares is ₹72.48 crore based on the company's 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.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.
