After months of speculation, one of the largest deals in the IT industry has been inked today. US software firm iGate, backed by private equity firm Apax Partners, has agreed to acquire a majority stake in Patni Computer for USD 862 million.
iGate and Apax have agreed to pay Rs 503.50 a share for a 63% stake in Patni. Cheering up the deal, experts feel that the deal is positive. Moshe Katri, MD, Cowen & Co says that iGate is getting Patni at pretty significant price compared to its peers due to PatniDiscover 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!
