Comments
The board of R Systems International on Thursday approved a proposal for closure of the buyback on April 23.The board also approved the acquisition of a Singapore based ERP company having operations mainly in South East Asia through a subsidiary, R Systems (Singapore) Pte Ltd, for $7.5 million, including the earn-outs over the next three years. The approval is subject to execution of definitive agreements and receipt of necessary corporate and regulatory approvals. Shares of R Systems slumped about 6 per cent to ₹81.95 on the NSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.