R Systems International, one of the leading providers of outsourced product development along with technical and consumer support services, announced that a meeting of the board of directors of the company will be held on Dec. 20, 2014, inter alia, to consider and approve the proposal for buy-back of equity shares of the company.

Further the company has said that, the trading window for dealing in the equity shares of the company will remain closed for the directors, officers, designated employees of the company in accordance with ''R Systems International code of internal procedures & conduct for Prevention of Insider Trading'' until 24 hours from the date of announcement of the outcomes of the aforesaid meeting of board of directors.

Shares of the company gained Rs 9.9, or 14.35%, to trade at Rs 78.90. The total volume of shares traded was 166,304 at the BSE (12.34 p.m., Thursday).