R Systems approves revised recommendations in open offer

Thu, Dec 27, 2012 at 12:27

R Systems International's committee of independent directors for open offer at its meeting held on December 26, 2012, discussed, analysed and approved updation in the reasoned recommendations on the open offer given by Mr. Bhavook Tripathi for acquisition of 26% equity shares of the company.

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R Systems approves revised recommendations in open offer

R Systems International's committee of independent directors for open offer at its meeting held on December 26, 2012, discussed, analysed and approved updation in the reasoned recommendations on the open offer given by Mr. Bhavook Tripathi for acquisition of 26% equity shares of the company.

Like this story, share it with millions of investors on M3

R Systems approves revised recommendations in open offer

R Systems International's committee of independent directors for open offer at its meeting held on December 26, 2012, discussed, analysed and approved updation in the reasoned recommendations on the open offer given by Mr. Bhavook Tripathi for acquisition of 26% equity shares of the company.

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R Systems International Ltd has informed BSE that the Committee of Independent Directors for Open Offer at its meeting held on December 26, 2012, discussed, analysed and approved updation in the reasoned recommendations on the Open Offer given by Mr. Bhavook Tripathi for acquisition of 26% Equity Shares of R Systems International Limited pursuant to Public Announcement dated December 15, 2011, Detailed Public Statement dated December 22, 2011, Draft Letter of Offer and also Supplemental Public Announcement dated March 13, 2012 and August 04, 2012 in accordance with the provisions of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The recommendations of the Committee of Independent Directors on Open Offer shall be published in the newspapers and a copy thereof shall be furnished to the Securities & Exchange Board of India, the Stock Exchanges and the Manager to the Open Offer in due course, in accordance with Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.Source : BSE

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