With reference to the Regulation 30 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), R Systems International has informed that the Board of Directors in its meeting held on June 07, 2023, commenced at 09:00 am and concluded at 09:24 am has approved the acquisition of 100% (hundred per cent) equity shares of Velotio Technologies, a company incorporated under the Companies Act, 2013, and having a business of outsourced information technology services including outsourced product development and digital product engineering services (‘Velotio’). Press release issued by the Company and Velotio is enclosed as ‘Annexure A’. Further, in terms of SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015 the requisite details of the acquisition in the prescribed format is attached herewith as ‘Annexure B’.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| TCS | 2253.90 |
| Infosys | 1040.95 |
| HCL Technologies | 1270.70 |
| Wipro | 177.15 |
| Tech Mahindra | 1560.30 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: