One of the largest deals in the IT industry has been inked. US software firm iGate, backed by private equity firm Apax Partners, acquired 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.
CNBC-TV18's Managing Editor Udayan Mukherjee says that now that the deal has been struck, there is a lot of hard work involved in making the entity work. He sees the volumes drying up now as the news has already played out.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!
