R Systems International informs about buy back of equity shares

15 Jan 2019

R Systems International has informed that the Board of Directors of the Company at its meeting held on 15.01.2019, commenced at 9:45 A.M. and concluded at 12:30 p.m. has approved the proposal for Buyback of Equity Shares of the Company up to 3,690,000 fully paid-up Equity Shares of Re 1 each of the Company (representing 2.98% of the total number of equity shares in the paid-up share capital of the Company) at a price of Rs 65 per equity share payable in cash for an aggregate consideration not exceeding Rs 239,850,000, representing 9.87% of the total paid-up equity share capital and free reserves as per the audited standalone balance sheet of the Company as on 31.12.2017, from all existing shareholders of the Company on the record date determined by the Board of Directors i.e. Friday, 01.02. 2019, on a proportionate basis through Tender Offer route.

The above information is a part of company's filings submitted to BSE.

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