Persistent Systems buys US software firm Starfish Associates for Rs 173 crore

The agreement includes adjustments for working capital, debt, and cash at closing. Sellers may earn up to $5.1 million based on performance targets over two years, while key employees could receive $0.2 million for staying employed during the same period. Following the acquisition announcement on Wednesday morning, Persistent’s stock hit a 52-week high to 4,596 apiece rising over 2% on the BSE.