1 year ago
R Systems Shares Surge After Acquiring Novigo Solutions
Imagine a company called R Systems, which helps other companies with their computer needs.
They decided to buy another company, Novigo Solutions, which is good at helping build software.
This is like R Systems getting a new tool to help them do their job better.
R Systems paid a lot of money for Novigo.
Because of this deal, people who own shares of R Systems are happy, and the price of those shares went up.
Also, R Systems plans to borrow some money to help pay for the new company.
This is a big deal for both companies, and it might mean that R Systems will make more money in the future.
R Systems shares increased by nearly 17% due to the acquisition of Novigo Solutions.
R Systems agreed to acquire Novigo Solutions, a specialist in low-code/no-code development, for Rs 400 crore.
The acquisition of Novigo is expected to increase R Systems' earnings per share in the first year.
The board of R Systems approved raising Rs 275 crore via non-convertible debentures.
Novigo has experienced a 44% Revenue CAGR over the last three years with 25% EBITDA margin.
- Who
- R Systems International acquired Novigo Solutions.
- What
- R Systems acquired Novigo Solutions and approved raising funds through non-convertible debentures.
- Where
- BSE
- When
- The share surge happened in early deals on Friday.
- Why
- The acquisition of Novigo and the potential for increased earnings, as well as the raising of funds, caused the share price increase.
Investors
R Systems
Share Value
Investors
Investors could benefit from the acquisition through an increase in the share price.
R Systems
N/A
Key facts
- R Systems Share Increase
- 16.68%
- Novigo Acquisition Price
- Rs 400 crore
- NCD Raising Amount
- Rs 275 crore
- Novigo Revenue CAGR
- 44% (last three years)
- Novigo EBITDA Margin
- 25%
Quotes
Nitesh Bansal
CEO & Managing Director, R Systems
“By integrating Novigo’s automation depth into our OptimaAI portfolio, we can now take customers from model engineering to autonomous execution under one roof.”
businesstoday.in
“It's not just about adding scale; it is about adding synergistic, high-margin capabilities that translate into stronger outcomes for our clients.”
businesstoday.in
