Persistent Systems Limited (BSE:533179) entered into an agreement to acquire Shree Infosoft Pvt. Ltd. from Shree Partners LLC and other shareholders for INR 73.5 million on September 29, 2021. The consideration will be paid in cash. In a related transaction, Persistent Systems, Inc. agreed to acquire certain assets of Shree Partners LLC for approximately INR 400 million on September 29, 2021. Accordingly, Persistent Systems Limited will inform the closure of the transaction to the Stock Exchanges. The transaction is subject to customary closing conditions and expected to close within 3-5 weeks.