After years of twists, turns and near-misses, Patni has finally been sold. iGate will buy the founders' and private equity firm general combined 63% stake in the company. iGate will subsequently make an open offer for an additional 20.6% stake.
In an interview with CNBC-TV18, Jeya Kumar, CEO and Surjeet Singh, CFO of the company divulged details of the deal and the prospects going forward. Expressing his pleasure, Kumar said that the deal will create more value for Patni and mark its entry into the banking, financial services and insurance (BFSI) space.Discover 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!
