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R Systems International informs about acquisition

07 Jun 2023 Evaluate

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.

R Systems Internatl. Share Price

245.25 -3.55 (-1.43%)
24-Jul-2026 16:59 View Price Chart
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