R Systems International - Buy-back of equity shares

R Systems International Ltd has informed the Indian stock market that the Board of Directors of the Company at its meeting held on September 07, 2008, has approved the proposal for Buy-back of the equity shares of the Company under first proviso to clause (b) of sub-section (2) of Section 77A of the Companies Act, 1956 with inter alia the following terms,

1. The total consideration amount for Buy-back shall not exceed Rs 800 lakhs.

2. The total number of shares for Buy-back shall not exceed 1,306,941 equity shares and

3. The Buy-back price per equity share shall not exceed Rs 150 per equity share.