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Article: India: Patni Computer promoters to take call on stake sale by January.
- Article from:
- TendersInfo
- Article date:
- November 7, 2009
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Byline: manish03
Reviving plans to offload part of their holdings in Patni Computer Systems, promoters are studying offers from various companies, according to market sources. A clear decision on bids from various contenders for the promoter holdings, added the sources, was expected by January. The three Patni brothers, non-executive chairman Narendra Patni and his younger brothers, Gajendra and Ashok, hold equal stakes totalling 48.3 per cent in India s sixth-largest software exporter. Private equity company General Atlantic holds 18 per cent, while the rest is public.
General Atlantic is understood to have been holding talks with potential suitors for ...