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R Systems announces proposal for buy-back of equity shares

This article was posted on Sep 8, 2008 and is filed under Press Releases

The meeting of the Board of directors of R Systems International Limited held today i.e. September 07, 2008, the Board of directors has inter-alia approved the proposal for Buy-back of the equity shares of the Company under first proviso to clause (b) of sub-section (2) of Section 77A of the Companies Act, 1956 with inter-alia the following terms,

1. The total consideration amount for Buy-back shall not exceed Rs.800 lakhs.

2. The total number of shares for Buy-back shall not exceed 1,306,941 equity shares and

3. The Buy-back price per equity share shall not exceed Rs.150 per equity share

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