Aisel tie-up boosts R Systems

DALAL STREET SPIKES

New Delhi-based software product development company, R Systems International, rose over 5 per cent to Rs 185 on volumes of 1,30,615 after the company had said that it would buy 13.51 per cent stake in Japanese systems development and business solutions provider, Aisel.

In late October, R Systems had signed a letter of intent with the same Japanese company to pick up 15 per cent stake. Aisel in turn would subscribe to 4,10,000 shares of R Systems Rs 250 a share.

The transaction was also underlined by a collabaration agreement for exclusive delivery of certain services to each other's customers.