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R Systems pact with Aisel Corporation

MUMBAI: R Systems International has signed a letter of intent with Aisel Corporation, an independent systems development and business solutions provider, in Tokyo, Japan. The proposed transaction would involve the company taking up to 15 per cent equity stake in Aisel and Aisel taking up to 5 per cent stake in the company through issuance of new shares at Rs. 250 per share, subject to the applicable pricing guidelines.

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