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.
