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Blackstone to buy majority stake in R Systems International

17 Nov 2022 Evaluate

American private equity giant Blackstone has planned to pick up majority stake in digital services firm R Systems International for $359 million or Rs 2,904 crore. Blackstone has signed definitive agreements with Satinder Singh Rekhi and other promoters of R Systems to this effect.

Rekhi and other promoters currently hold 52 per cent stake in R Systems, which Blackstone will acquire for Rs 245 per share. Blackstone will also launch a conditional delisting offer, at a price of Rs 246 per share.

R Systems International is a software product development and BPO services company.

Peers
Company Name CMP
TCS 2495.10
Infosys 1172.00
HCL Technologies 1443.00
Wipro 197.70
Tech Mahindra 1832.00
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