The Exchange has sought clarification from R Systems International Limited with respect to recent news item captioned R Systems shares jump 6% on reports of Coforge considering stake acquisition. The response from the Company is awaited.
RSYSTEMS · price
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On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.1 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NSE has asked R Systems International to respond to a recent news report claiming that IT major Coforge is considering acquiring a stake in the company. Following the news, R Systems shares reportedly jumped 6% in trading. The company has not yet replied to the exchange's query, so the acquisition talk remains unconfirmed. Investors and traders are awaiting the company's official response for clarity.
The stock may stay volatile until R Systems confirms or denies the news. A confirmed stake acquisition by Coforge would be a major positive for shareholders, but the deal is still speculative and unverified at this stage.