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The latest announcement is out from R Systems International Limited ( (IN:RSYSTEMS) ).
R Systems International Limited has announced a Composite Scheme of Amalgamation with Velotio Technologies Private Limited and Scaleworx Technologies Private Limited. This strategic move involves the cancellation of Velotio’s optionally convertible redeemable preference shares and the issuance of R Systems’ shares to Velotio’s holders, eventually converting them into equity shares of R Systems. The agreement, which includes BCP Asia II Topco II Pte. Ltd., aims to streamline operations and enhance shareholder value by integrating these entities under R Systems, potentially strengthening its market position and operational capabilities.
More about R Systems International Limited
R Systems International Limited operates in the technology and IT services industry, providing software development, digital transformation, and IT consulting services. The company is recognized for its high-quality standards, holding certifications such as CMMI Level 5 and ISO 9001:2015, and focuses on delivering innovative solutions to its clients globally.
YTD Price Performance: -29.99%
Average Trading Volume: 9,975
Current Market Cap: 38.72B INR
For detailed information about RSYSTEMS stock, go to TipRanks’ Stock Analysis page.