December 2, 2022

Blackstone to accumulate majority stake in R Programs for $359

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Blackstone to acquire majority stake in R Systems for 359

Blackstone  has signed agreements with Satinder Singh Rekhi and different promoters to buy a majority stake in R Programs Worldwide Restricted for $359 million. 

Rekhi and the opposite promoters presently maintain about 52 per cent stake in R Programs, which Blackstone will purchase at ₹245 per share. Blackstone can even launch a conditional delisting supply, at ₹246 per share. The transaction is anticipated to be accomplished within the coming months, topic to customary closing circumstances and…

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