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R Systems International Limited - Outcome of Board Meeting

| Updated on January 15, 2019 Published on January 15, 2019

This is to inform you that the Board of Directors of R Systems Int. Ltd. at its meeting held on 15.01.2019, commenced at 9:45 A.M. and concluded at 12:30 p.m. has approved the proposal for Buyback of Equity Shares of the Company upto 3,690,000 (Thirty Six Lakhs Ninety Thousand) fully paid-up Equity Shares of Re. 1/- each of the Company (representing 2.98% of the total number of equity shares in the paid-up share capital of the Company) at a price of Rs. 65/- (Rupees Sixty Five only) per equity share payable in cash for an aggregate consideration not exceeding Rs. 239,850,000 (Rupees Twenty Three Crores Ninety Eight Lakhs Fifty Thousand only), representing 9.87% of the total paid-up equity share capital and free reserves as per the audited standalone balance sheet of the Company as on 31.12.2017, from all existing shareholders of the Company on the record date determined by the Board of Directors i.e. Friday, 01.02.2019, on a proportionate basis through Tender Offer route.

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Source : BSE - www.bseindia.com

Published on January 15, 2019
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