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NSE Announcements on Patni Computer
Posted by :
MMB MessengerPatni Computer Systems Limited has informed the Exchange that the Compensation & Remuneration Committee of Directors of the Company vide resolution dated September 11, 2009 allotted 101,900 equity shares of par value of Rs. 2/- each to certain employees including 50,000 underlying equity shares of par value of Rs. 2/- each to Bank of New York as Depository in connection with the issuance of 25,000 American Depository Shares (ADSs) pursuant to the exercise of ADR Linked options....
BSE Announcements on Patni Computer
Posted by :
spiderman_webGuess the info from Pune about some employees buying this share was correct, so some emp got 51900 and BONY got 50000, guys something is cooking fast....750 soon...
Guess u were correct
Posted by : spiderman_webMy mistake, i was confused with Infy, sorry, Patni is 1:2 and Infy is 1:1...
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 September 11, 2009 allotted 101,900 equity Shares of per value of Rs. 2/- each to certain employees including 50,000 underlying equity shares of per value of Rs. 2/- each to Bank of New York as Depository in connection with the issuance of 25,000 American Depositary Shares (ADSs) pursuant to the exercise of ADR Linked options....
Cehck this out
Posted by :
NK121212
there are different ratio for ADR.
HDFC Bank HDB 1:3
Patni Computer Systems PTI 1:2...
Cehck this out
Posted by : NK121212ADR ratio is 1:2. ie. 2 shares = 1 ADR...
Cehck this out
Posted by : spiderman_web
http // w w w infosys com/investors/investor-services/FAQs.asp
15) What is an American Depositary Share (ADS)?
An ADS is a negotiable certificate evidencing ownership of an outstanding class of stock in a non-US company. ADSs are created when ordinary shares are delivered to a custodian bank in the domestic market, which then instructs a depositary bank in the US to issue ADSs based on a predetermined ratio. ADSs are SEC-registered securities and may trade freely, just like any other security, either on an exchange or in the over-the-counter market.
16) What is the ratio of equity shares to ADS?
1 equity share held/traded in India is equivalent to 1 ADS held/traded on NASDAQ
Guess this clarifies, Infy`s info cant be wrong pls...!!!
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ADR has moved up to 19$
Posted by : spiderman_web
finance yahoo com/q/mh?s=PTI
Check this out, Gen Atlantic holds 10,080,933 ADS@11$perADS the %is15.74 for 0,487,025 as on 30-Jun-09.
Does that mean Gen Atlantic is having only 7.87% of Indian stocks ??? the whole Industry is talking of Gen Atl + 2 Patni Brothers stake is 48%. The total stake held by 3 Patni Brothers is 48%. The two Patni Bros stake is 32% + Gen Atlantic is 15.74% ADS of Indians stocks = so it`s arround 49% + they will need another 3% for a 51% stake to get mgt control.
kindly verify pls at ur end of this 2 stock for 1ADS.
...
so shud i wait or sell patni?i have 200 at 438???...
ADR has moved up to 19$
Posted by : hawksADR=2 shares so the price should be about Rs 400 (800/2)...
ADR has moved up to 19$
Posted by : spiderman_webADR has moved up to 19$, so @ 48 Rs to a $ this is much below par in BSE/NSE...it must trade @ 800 min at the current ADR rate....
700-750 for sure
Posted by : spiderman_web
There is a buzz in NYSE today that the deal may go thru, General Atlantic has sent a letetr to NYSE today about the takeover of more stakes from the Patni Brothers RATE is not disclosed, check this out...http finance yahoo com/q/ud?s=PTI
Credit Suisse has initiated and OUTPERFORMER rating to the ADR on 15th Sept...
NSE Announcements on Patni Computer
Posted by : MMB MessengerPatni Computer Systems Limited has informed the Exchange regarding the press release dated September 17, 2009 titled " Patni Computer Systems Unveils Cloud Services Strategy". 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 September 17, 2009 titled "Patni Computer Systems Unveils Cloud Services Strategy"...
Deal @ 700
Posted by : spiderman_webthis time it`s to happen @ Patni.. many IT guys promoters are willing to sell out, y`day Veneet Nayar of HCL sold 10 lacs of HCL @ 320. So guys this is the time to sell out HCL and buy Patni, it may go to 750 soon when open offer comes thru....
