Persistent stays true to name files DRHP for the third time Kanga Amarchand advise

Persistent Systems, a Pune-based Software product development services firm, has renewed its plan to enter the capital markets. The company has filed a draft red herring prospectus with SEBI. The issue consists of 54 lakh equity shares of Rs. 10 each of which approximately 5.4 lakh shares will be reserved for eligible employees.