R Systems International has received its board’s approval to buyback equity shares of the company at a maximum price of Rs 100 per share. The company proposed to buyback a 9.5 million equity shares and the total consideration amount for buyback shall not exceed Rs 6 crore.
Meanwhile, the company’s board has also approved the payment of fourth interim (special) dividend for the year 2014 at the rate of Rs 2.55 per equity share of Re 1 each. The same will be paid on January 12, 2015.
R Systems International is a software product development and BPO services company. It helps companies bring products and services to market quicker by using its proprietary suite execution framework.
