Persistent Systems revives IPO plan

Posted on: January 6, 2010 at 2:00 pm

Persistent Systems revives IPO plan
Reviving its plans to hit the capital market, software product development services firm Persistent Systems, has filed a Draft Red Herring Prospectus (DRHP) with market regulator the Securities and Exchange Board of India (Sebi) to offload around 5.42 million equity shares.
The Pune-based IT firm had planned a listing in 2008, but [...]