Blackstone to buy 52% stake in Indian IT firm R Systems for $359m

Blackstone to buy 52% stake in Indian IT firm R Systems for $359m

FILE PHOTO: Signage is seen outside The Blackstone Group headquarters in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew Kelly

US investment fund Blackstone Inc said on Thursday it would buy a 52% stake in India’s R Systems International from the IT services company’s promoters for $359 million.