R Systems International spikes 17% ahead of board meet to consider share buyback

R Systems International shot up 17 percent in morning to hit one year high of Rs 56.40 on Wednesday ahead of board meeting to consider the proposal of share buyback next week.

"The meeting of the board of directors of the company is scheduled on January 15, 2019 to consider and approve the proposal for buy-back of equity shares of the company," the IT services & solutions provider said in its filing.

Hence, the trading window for dealing in equity shares will continue to remain closed for the directors/officers/designated persons of the company.