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Wednesday, October 2, 2024
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HomeBusinessBlackstone to take majority stake in India's R Systems

Blackstone to take majority stake in India’s R Systems

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(Reuters) – Blackstone Inc said on Thursday it will buy a 52% stake in Indian technology and analytics services company R Systems International Ltd for $359 million.

Blackstone will launch a conditional delisting offer at a price of 246 rupees per share, it said in a statement.

(Reporting by Shivani Tanna in Bengaluru; Editing by Savio D’Souza)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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