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Article: India: L&T Info In Talks To Buy Patni Computer.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
L&T Infotech, part of Rs 40,000-crore engineering & construction major Larsen & Toubro (L&T), is in advanced talks to acquire a majority shareholding in the country s sixth-largest software firm, Patni Computer Services.
According to sources close to the development, L&T has already completed due diligence and contours of the deal are being worked out. L&T Infotech has been in talks with Patni for some time now. We have already completed due diligence, confirmed a senior L&T source, who did not wish to be named.
The development comes after all three Patni brothers Narendra Kumar, Gajendra Kumar and Ashok Kumar finally decided to ...