India's R Systems surges on plans to buy IT firm

R Systems International

22/08/2025 06:34

** Shares of digital services firm R Systems International RSYS.NS jump 12% to 474.5 rupees

** Stock set for best day since November 2022

** Co to acquire IT firm Novigo Solutions in a deal which includes 4 billion rupees (~$46 million) cash consideration and additional stock consideration

** Deal to aid expansion in the Middle East and gain delivery presence in Bengaluru city

** Novigo has delivered 44% revenue CAGR over past three years - RSYS

** Stock eyes busiest trading session since 2010, volumes at 89.6x the 30-day avg

** Year-to-date, stock up 1.7%, reversing YTD losses

($1 = 87.4710 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))