Blackstone to acquire majority stake in R Systems for Rs 2,904 crore

Blackstone is buying the promoters' stake for Rs 245 per share, a premium of 3.9 per cent on the current price of Rs 235.8 per share. The promoters will get around Rs 1,496.95 crore

Blackstone Inc.
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Blackstone Inc.

Shivani Shinde Mumbai
Private equity player Blackstone continues to bet on the IT/tech industry as it announced its plan to acquired majority stake in product engineering firm R Systems for a total amount of Rs 2,904 crore.

Blackstone announced that it is acquiring 52 per cent stake of promoters including the founder Satinder Sigh Rekhi’s stake. Blackstone is buying the promoters stake for Rs 245 per share, a discount of 10.6 per cent to the current closing share price of Rs 271. The company’s share price during pre-market hour was Rs 235.8 per share.

The promoters will get around Rs 1,496.95 crore for

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First Published: Nov 17 2022 | 9:04 AM IST

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