R Systems Acquires Velotio, a Leading Product Engineering and Digital Solutions Company

The Board of Directors in their meeting held on June 07, 2023 has inter-alia approved the acquisition of 100% (hundred per cent) equity shares of Velotio Technologies Private Limited, a company incorporated under the Companies Act, 2013, and having a business of outsourced information technology services including outsourced product development and digital product engineering Services.

• Following is the Corporate Disclosure made to Stock Exchanges:

Corporate Disclosure under SEBI (LODR) Regulations, 2015 for business approved at the Board Meeting.

For further information please contact:
Bhasker Dubey (Tel No. 0120 – 430 3566)