Blackstone pursues $359m take-private of India's R Systems
The Blackstone Group has agreed to acquire a majority stake in India-based IT services provider R Systems International at a valuation of INR 29.04bn (USD 359m) and moved to delist the company.
Satinder Singh Rekhi, who founded R Systems in 1993, and his fellow promoters have agreed to sell 61.1m shares – or a 51.67% stake – to Blackstone for INR 245 apiece. The private equity firm has also...
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