iGate may be all set to merge Patni with itself, if its delisting process comes through. In an exclusive conversation with CNBC-TV18, Phaneesh Murthy, CEO, iGate-Patni said that he was confident that US clients will increase budgets, a complete contradiction from what the rest of the industry said.
Murthy said, "The delivery integration is what is underway right now and that will take a fair amount of time, I think it will go on till the end of next year, say Dec 2012 and we are intentionally taking it a little slow." Murthy informed that postal ballot for delisting is likely to be completed by the first week, however, pricing may be an issue. On the hindsight, if the delisting does not get through iGateDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
