R systems stock surges 17% on acquisition, fundraising update.

Blackstone-owned small-cap stock R Systems International surged 17% in intraday deals on Friday, August 22, following the announcement of the acquisition of Novigo Solutions and the board's approval of ₹275 crore fundraising. R Systems' share price rallied 17.24% to the day's high of ₹496.95 in intra-day deals today. As of 10.40 am, the small-cap below ₹500 was trading 13.27% higher at ₹480.10.