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Patni buyers to buy only @ 10-15 % dis from mkt rate
Posted by :
spiderman_webPatni buyers are eyeing to buy the stock only @ 400-410 from the current mkt rate so a dis of 10-15% is expected from current mkt rate, also Patni Bros offloaded 40 crorers worth of shares since Monday....
Patni Brothers sell stake
Posted by :
pms.swastika
Patni Brothers sell stake
Patni Brothers sell 0.6% stake via open market in last 2 days.
Regards
Swastika PMS...
Patni Bros Sells 40 crores worth of stock
Posted by :
praveenguptagin
This will definitely strengthen the possibility of selling their stake to another company. Patni as a company will really benefit the owner company with cash reserver in such circumstances. Especially those who are willing to enter indian market.
The stock may now go upto 580 in next 2-3 weeks....
Patni Bros Sells 40 crores worth of stock
Posted by : spiderman_webPatni Bros have sold some 40 crores worth of stock in the past few days to some FIIs, not sure who have bought them the total is aprox 0.65% of the total holdings.....may be NTT is buying some in the open mkts...
NTT joins fray for a byte in Patni
Posted by : spiderman_web
NTT joins fray for a byte in Patni
18 Nov 2009, 0642 hrs IST, Paramita Chatterjee & Pramugdha Mamgain, ET Bureau
NEW DELHI: Japanese conglomerate NTT Group has entered the race to acquire a majority stake in Mumbai-based Patni Computer Systems , the latest in a growing list of potential suitors said to be sizing up India’s sixth- largest software services exporter, two persons familiar with the matter told ET
Other potential suitors include L&T Infotech and Japan’s Fujitsu
The persons said the $119-billion Japanese group was in talks to buy the 66% stake held by the Patni brothers — Narendra Kumar, Gajendra Kumar and Ashok Kumar — and private equity firm General Atlantic, which bought a 18% stake in the company in 2002.
The Patni brothers hold 48.3% in the company, while General Atlantic owns 18%. The promoters have been trying to sell their stake in Patni for the past few years. Plans to sell their stake fell through in 2007, as Narendra Patni was not ready to exit.
Patni CEO Jeya Kumar said the promoters had not indicated any desire to exit the company to the management. “We are not in discussions with NTT. We have an attractive business model and companies keep showing interest in us. The owners will not do anything which is detrimental for the company,” he said.
General Atlantic too was not available for comment.
An email sent to NTT, the second-largest telecommunications company in world in revenue terms, did not elicit a response. A deal could help NTT deepen its engagement in the Indian market. The group has an existing tie-up with HCL Technologies and its telecom subsidiary NTT DoCoMo acquired a 26% stake in Tata Teleservices last year.
Speculation about Patni being on the block has been doing the rounds for some years. Patni reported a third quarter net income of Rs 168.5 crore, down 6.5% from Rs 180.2 crore in the corresponding quarter a year earlier. Revenue during the quarter fell 1.5% to Rs 833.7 crore.
"Acquisition of Patni makes sense for a telecom company," said Diptarup Chakraborti, principal research analyst with consultancy firm Gartner.
Patni has reached a stage where the promoters will have to make a big acquisition or exit to allow the company to move into the next level, he said.
The over $60-billion Indian IT and IT-enabled services (ITeS) witnessed a slowdown last year due to the global financial meltdown. Several Indian technology companies in the country, which draw significant business from the US and Europe witnessed a slowdown due to demand crunch. As per industry body Nasscom, the domestic IT & ITeS industry will have a compounded annual growth of 12-14% in the next 10-12 years.
On Tuesday, Patni shares fell 3% to close at Rs 475.70 on BSE, valuing the company at around Rs 6,100 crore. The stock has risen 21% on the BSE since September 14, when talk of a stake sale resurfaced.
...
NTT of Japan may buy stake
Posted by : spiderman_web
read...remove all the spaces while copying the url
http : // economictimes.i n diatimes . com/NTT-jo i n s-fray-for-a-byte - i n -Patni-Computers/articleshow/5241300.cms...
Buy on Rumours Sell on News
Posted by : rvk41
Dear,
Lot of news coming on this scrip, one day it is said L&T interested in, now it is N T T so be carewful to hold or to sell
with regards
rvk41
...
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 13th November 2009 has allotted, (a) 14,025 equity shares of par value of Rs. 2/- each to certain employees including a Director, pursuant to the exercise of options granted to them under Companys Stock Option Plan; and (b) 212,500 underlying equity shares of par value of Rs. 2/- each to Bank of New York as a Depository in connection with the issuance of 106,250 American Depositary shares (ADSs) to foreign based option-holders pursuant to the exercise of ADR Linked options granted to them under Companys Stock Option Plan"....
BSE Announcements on Patni Computer
Posted by : MMB Messenger
Patni Computer Systems Ltd has informed BSE that the Compensation & Remuneration Committee of Directors of the Company vide resolution dated November 13, 2009 has allotted:
- 14,025 equity shares of par value of Rs. 2/- each to certain employees including a Director, pursuant to the exercise of options granted to them under Companys Stock Option Plan; and
- 212,500 underlying equity shares of par value of Rs. 2/- each to Bank of New York as a Depository in connection with the issuance of 106,250 American Depositary Shares (ADSs) to foreign based option-holders pursuant to the exercise of ADR Linked options granted to them under Companys Stock Option Plan....
said bye bye today as 500 is done
Posted by : sam_pdold man, you can buy in truck load and have all the profit for yourself....
said bye bye today as 500 is done
Posted by : Guest
who asked you story dude? it looks like PATNI is going to touch 650/700 in 2 months..
you have acted like all small investors,bloke.....
said bye bye today as 500 is done
Posted by : sam_pdsaid bye bye today from portfolio as above 500 its stuck.so may be another year or two before it will again come back to throwaway price. from 500 to 90 then from 90 to 500. what a move it has made in last 2 years and so....
Patni shortlists 4 firms for multi-million $ acquisition
Posted by : pms.swastika
Patni shortlists 4 firms for multi-million $ acquisition
Patni Computer Systems has short-listed four firms for a multi-million dollar acquisition.
Regards
Swastika PMS...
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 3rd November 2009 allotted 5,650 equity shares of par value of Rs.2/- each to certain employees pursuant to the exercise of Employee Stock Options."...
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 November 03, 2009, has approved the grant of 15,000 ADR Linked Options at an Exercise Price of US$ 19.35 per ADR to an eligible employee, under the Companys Stock Option Plan ("Patni ESOP 2003 (Revised 2009)")"....
