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R Systems Announce the outcome of its Board Meetings
Noida,
December 27, 2006: The Board of directors of R Systems
International Limited at its meeting held on 27th December
2006 has inter alia unanimously approved the following:
- Investment in equity shares
of Aisel Corporation pursuant to the strategic alliance
agreement entered into between Aisel Corporation
& R Systems International Limited subject to
corporate and other regulatory approvals.
- Allotment of 410,000 equity
shares of Rs. 10/- each at the price of Rs. 250/-
per share subject to the approval of the shareholders
to Aisel Corporation pursuant to the strategic alliance
agreement entered into between Aisel Corporation
& R Systems International Limited.
- Allotment of 24,390 equity
shares of Rs. 10/- each pursuant to the exercise
of the stock options granted to the employees of
the Company & its subsidiaries under R Systems
International Ltd Year 2004 Employee Stock Option
Plan.
- Allotment of 22,800 equity
shares of Rs. 10/- each pursuant to the exercise
of the stock options granted to the employees of
the subsidiary company ECnet Limited under R Systems
International Ltd Year 2004 Employee Stock Option
Plan-ECnet.
- Investment of up to US$
1,000,000 in CISCO solutions to meet the existing
& future requirements of R Systems business.
- Opening of a branch office
in Belgium.
For
further information please contact:
Nand Sardana (Tel No. 0120 - 430
3506)
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