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BSE Announcements on Patni Computer
Posted by :
MMB MessengerPatni Computer Systems Ltd has informed BSE that the Compensation & Remuneration Committee of Directors of the Company vide resolution dated November 03, 2009 allotted 5,650 equity shares of par value of Rs. 2/- each to certain employees pursuant to the exercise of Employee Stock options. ...
BSE Announcements on Patni Computer
Posted by : MMB MessengerPatni Computer Systems Ltd has informed BSE that the Compensation & Remuneration Committee of Directors of the Company, vide resolution dated November 03, 2009, has approved the grant of 15,000 ADR Linked Options at an Exercise Price of USS 19.35 per ADR to an eligible employee, under the Companys Stock Option Plan ("Patni ESOP 2003 (Revised 2009)"). ...
Patni computers has given bullish pattern, target 631
Posted by :
the-new-analystPatni computers has given bullish pattern, target 631, time 1 and half month, stop loss 478...
Selling price for Patni
Posted by : GuestI had bought Patni @480. Can anyone suggest at what level I should sell it? Will it cross 550 mark in recent time?...
BSE Announcements on Patni Computer
Posted by : MMB MessengerWith reference to news item appearing in leading financial daily titled "L&T Info in talks to buy Patni", Patni Computer Systems Ltd has clarified to BSE that the news appearing in the media appears to be speculative in nature and the Company does not have any knowledge of the contents of the transaction contemplated in the said article. Further, the Company has not received any notice from any of the major shareholders mentioned in the news article regarding sale of their stake in the Company....
BSE Announcements on Patni Computer
Posted by : MMB MessengerWith reference to news item appearing in leading financial daily titled "L&T Info in talks to buy Patni", Patni Computer Systems Ltd has clarified to BSE that the news appearing in the media appears to be speculative in nature and the Company does not have any knowledge of the contents of the transaction contemplated in the said article. Further, the Company has not received any notice from any of the major shareholders mentioned in the news article regarding sale of their stake in the Company....
NSE Announcements on Patni Computer
Posted by : MMB MessengerNews Verification : The media had reports that L&T Infotech may acquire a majority stake in Patni Computer Systems Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Patni Computer Systems Limited has vide its letter inter-alia stated, "We wish to clarify that the news appearing in the media appears to be speculative in nature and the Company does not have any knowledge of the contents of the transaction contemplated in the said article. Further, the Company has not received any notice from any of the major shareholders mentioned in the news article regarding sale of their stake in the Company."...
Patni up for sale...buy buy
Posted by :
spiderman_web
it`s in f&O so no limit to up move on any day....can move up fast if the news is confirmed to exchanges by Patni/L&T....Bloomberg carried the news y`day night and on
15-Sep-09 Credit Suisse Initiated Outperform on this....so this has to go thru to L&T ASAP...
Patni up for sale...buy buy
Posted by : viva1986so according to you it can go upto 550-600 price mark. In how much time you are expecting it to go up at this point mark?...
Patni up for sale...buy buy
Posted by : spiderman_web
New Delhi, Mumbai: 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 sell. They together hold around 48.30% stake. In 2007, talks for a similar sale had ended in a stalemate, as only Gajendra and Ashok were willing to part with their holdings. Narendra, who has been actively involved in running the business, was not.
Another trigger for a sale at this time is that General Atlantic also wants to exit from the company. The PE firm has around 18% stake and had invested $100 million in Patni in September 2002.
Industry sources said Patni hired Ambit Capital to conduct a valuation of the company. Analysts said the deal size could be around $1-1.5 billion. Patni’s share price has been hovering at around Rs 450 and it is likely to get Rs 550-600 per share. Patni’s scrip closed at Rs 456.95, up 4.70%, on the BSE on Wednesday.
“The company has $380 million in cash and equivalents on its books, so an offer price in the range of $1-1.5 billion would be fair,” said one IT analyst. Patni reported revenues of $718.9 million last financial year.
In an email response to questions about the sale, Patni CFO Surjeet Singh said, “This is a rumour and we do not comment on speculation.” When contacted by FE, L&T Infotech CEO Sudip Banerjee was also tight-lipped. “I do not want to comment on speculation in the media,” he said.
Sources said if L&T Infotech acquires Patni, it would make the combined entity the fifth-largest software firm in India. L&T Infotech is currently in 11th place.
However, having been pipped by TechMahindra in the bidding for fraud-hit Satyam Computer Services in April, L&T Infotech is being cautious about the Patni deal.
But analysts said it could not afford to tread too cautiously. “L&T Infotech has to move fast. Once the market goes up, say beyond the 20,000 mark, Patni or any other IT...
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L&T to buy Patni stakes
Posted by : spiderman_webBuy, Buy, Buy...L&T in advance stage of buying out Patni stakes from all 3 Patni Bros and Gen Atlantic....news in Financial Exp today Nov 5th...it could be arround 600 to 635...open offer may be arround 675-685.....buy buy...
PATNI
Posted by :
shareking.co.in
PATNI
Last close 445.10
Charts indicate that accumulation phase is over and anytime any moment stock will explode …Technically, Rs.436 is rockbottom or stoploss for bulls and on the upper side expect a rally upto Rs.454 and Rs.461, Cross over will take this to Rs.470 mark..!!! Stock is looking very safe at current levels .. Do not miss …!!!
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BSE Announcements on Patni Computer
Posted by : MMB MessengerPatni Computer Systems Ltd has informed BSE regarding a Press Release dated October 22, 2009 titled "Patni Introduces Hosted Reconciliation Solution for Global Financial Institutions"....
NSE Announcements on Patni Computer
Posted by : MMB MessengerPatni Computer Systems Limited has informed the Exchange regarding a press release dated October 22, 2009, titled "Patni introduces Hosted Reconciliation Solution for Global Financial Institutions ". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Patni Computer
Posted by : MMB MessengerPatni Computer Systems Ltd has informed BSE regarding a Press Release dated October 22, 2009 titled "Patni Introduces Hosted Reconciliation Solution for Global Financial Institutions"....
