Blackstone Inc

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Equity Investments, Mergers / Acquisitions

Blackstone Commits Up To $359 Mln To Acquire Majority Stake In India-based R Systems

Published: 11/17/2022 03:03 GMT
Blackstone Inc (BX) - Blackstone Commits Up to $359 Million (inr 2,904 Crore) to Acquire a Majority Stake in R Systems- Statement.
Blackstone- R Systems Founder Satinder Singh Rekhi and Other Promoters Currently Hold 52% Stake in R Systems.
Blackstone- Blackstone Will Acquire Founder and Promotoers Stake in R Systems for Inr 245 per Share.
Blackstone- Will Also Launch a Conditional Delisting Offer for R Systems, at a Price of Inr 246 per Share.
Blackstone- Transaction is Expected to Be Completed in the Coming Months, Subject to Customary Closing Conditions and Regulatory Approvals.
Blackstone- R System's Founder Rekhi Will Continue in His Role As a Non-executive Advisor.