Blackstone to acquire 52% stake in IT firm R Systems for ₹2,904 cr

Private equity player Blackstone will acquire a 52% stake in digital information technology service provider R Systems International for ₹2,904 crore ($359 million). The stock of R Systems rose by nearly 18% on Thursday after Blackstone made the open offer for 48.33% stake at ₹245/share. Blackstone will also launch a conditional delisting offer at a price of ₹246 per share.