FYI:
Finally the much delayed deal between Patni Computer Systems Ltd. iGate is inked and iGate CEO Phaneesh Murthy made it official today.
US-Based iGate has acquired close to 63% stake in Patni Computer Systems ltd which is Currently India’s Sixth largest IT firm.
The deal is said to be 1.22 USD billion, iGate will buy 46% of stake from Patni Brothers and 17.3% from Genral atlantic.
This makes the combined entity of iGate-Patni a billion dollar company which reported $941 million in the third quarter of 2010 and the total head count shoots up to 25 thousand.
M$K
No comments:
Post a Comment