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R Systems Announces the outcome of its Board Meeting
Noida,
September 07, 2008: We are pleased to announce that
at 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:
- The total consideration amount
for Buy-back shall not exceed Rs. 800 lakhs;
- The total number of shares for
Buy-back shall not exceed 1,306,941 equity shares and;
- The Buy-back price per equity
share shall not exceed Rs. 150 per equity share.
For
further information please contact:
Nand Sardana (Tel No. 0120 - 430
3506)
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