R Systems International Board approves investment to set up new centre in Pune

R Systems International Ltd has announced that the Board of Directors of the Company at its meeting held on April 05, 2007, inter alia, has unanimously adopted and approved for making the requisite investment on acquisition of land & development thereon of up to 1 acre in the vicinity of the Company's Pune office, for setting up of a new development centre and / or expansion of the existing development centre at Pune.

The shares were trading at Rs.131.50, up by Rs.1.30 or 1% on volume of 2725 shares compared to 2 week average quantity of 19519. The promoters of the company have been acquiring the shares through creeping acquisition from open market purchases.

Source : Equity Bulls

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