R Systems zooms 20% on Blackstone's open offer to acquire majority stake

Blackstone has made an offer for acquiring up to 57.17 million equity shares, representing 48.33 per cent of R Systems equity, at Rs 245 apiece.

Shares of R Systems International zoomed 20 per cent to Rs 281.55 on the BSE in Thursday’s intra-day trade after private equity player Blackstone made an open offer to acquire majority stake in the IT-enabled services company at price of Rs 245 per share.

At 10:12 am, the stock traded 14 per cent higher at Rs 267.40, as compared to 0.06 per cent decline on the S&P BSE Sensex.

“BCP Asia II Topco II Pte. Ltd. (Acquirer) along with Blackstone Capital Partners Asia II L.P. (PAC) made an offer for acquisition of up to 57.17 million equity shares