Corporate & M&A
Blackstone Commits Up To $359 Million (Inr 2,904 Crore) To Acquire A Majority Stake In R Systems
7 August 2023
US investment fund Blackstone Inc said on Thursday that it would buy a 52% stake in Indian IT services company R Systems International for $359 million ( ₹2,904 crore). Shares of R Systems rallied more than 15% to ₹281 apiece on the BSE in early trading session.
AZB & Partners AZB & Partners advised R Systems International Limited. The AZB & partners team comprised of Partners Anil Kasturi, Niladri Maulik and Siddharth Khanna.
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