R Systems signs agreement with Aisel

New Delhi, Dec 22: R Systems International Ltd today said it has entered into a share purchase agreement and share subscribtion agreement with Japan-based Aisel Co Ltd, an independent systems development and business solutions provider.

The share purchase agreement will enable the company to purchase 13.51 per cent equity of Aisel, a statement said.

Under the share subscription agreement, the company will issue 4,10,000 equity shares of Rs 10 each at a price of Rs 250 per share aggregating to Rs 10.25 crore, which is about 3.03 per cent of the company's equity.

These agreements are subject to the corporate and other regulatory approvals.

UNI