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Our Bureau

New Delhi , Nov. 2

R Systems International Ltd, provider of outsourced product development and customer support services, has signed a letter of intent with the Japanese company Aisel Corporation, an independent systems development and business solutions provider to pick up 15 per cent stake in the company. The proposed transaction would involve R Systems taking up to 15 per cent equity stake in Aisel and Aisel taking up to 5 per cent equity stake in R Systems through issuance of new shares at Rs 250 per share, subject to the applicable pricing guidelines.

Transaction

The proposed transaction also includes both parties collaborating exclusively for delivery of certain services to each other's customers. R Systems would serve Aisel for all its offshore software development needs and Aisel would serve R Systems with onsite project management and coordination needs.

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