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R Systems International surges on completing acquisition of Innovizant in US

05 Feb 2019

R Systems International is currently trading at Rs. 50.00, up by 1.30 points or 2.67% from its previous closing of Rs. 48.70 on the BSE.

The scrip opened at Rs. 48.75 and has touched a high and low of Rs. 50.00 and Rs. 48.75 respectively. So far 2178 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 56.40 on 09-Jan-2019 and a 52 week low of Rs. 24.20 on 24-Jul-2018.

Last one week high and low of the scrip stood at Rs. 53.00 and Rs. 46.75 respectively. The current market cap of the company is Rs. 608.17 crore.

The promoters holding in the company stood at 51.17%, while Non-Institutions held 48.83% stake in the company.

R Systems International has completed the acquisition of 100% interest in Innovizant LLC, a Chicago, US based Company engaged in Digital Transformation Services including Advanced Analytics, Data Engineering, and Digital Connected systems, through its wholly-owned subsidiary namely R Systems, Inc. in US.

The acquisition has strengthened the company’s digital practice with niche data analytics competencies and marque customer base in financial services industry. Innovizant facilities would be used as company’s Center of Excellence (CoE) to strengthen its on-shore/near shore delivery capabilities to serve its US Central and East Coast clients and its commitment to build US based technical resource pool.

R Systems International is a software product development and BPO services company. They help companies bring products and services to market quicker by using their proprietary pSuite execution framework.

Related R Systems International Ltd. Links:

R Systems Intl. Share Price

222.50 10.10 (4.76%) Oct 27, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323