Blackstone falls short in bid to delist India's R Systems
The Blackstone Group has failed to delist Indian IT provider R Systems due to insufficient interest from public shareholders six months after agreeing on a majority acquisition.
In November, the private equity firm announced it would acquire a 51.67% stake for INR 29.04bn (USD 354m) from the founder and promoters, paying INR 245 per share. A full delisting was conditional on...
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