Persistent Systems Limited (BSE:533179) announces a share repurchase program. Under the program, the company will repurchase up to a maximum of INR 2,250 million worth of its shares. The shares will be purchased at a price not exceeding INR 750 per share. The repurchase program will be funded form securities premium account, free reserves and other permitted sources. The repurchased shares will be paid in cash. The repurchase program will terminate on the earliest of the date on which the company completes the program by deploying the maximum buyback size, or August 7, 2019, or the date determined by the Board or buyback committee, after giving notice of such earlier disclosure, provided, that all payment obligations relating to the buyback have been completed before the last date for the buyback. As of January 27, 2019, the company has 80,000,000 shares in outstanding.