HDFC Asset Management Co. Ltd has offloaded over 2 per cent stake in Persistent Systems. In a disclosure to the stock exchanges, the Pune-based IT firm said that HDFC Mutual through its various schemes reduced its holding from 5.14 per cent to 3.06 per cent.

Shares of Persistent Systems closed 0.24 per cent higher at ₹5,775 on the BSE.