General Atlantic partly exits Patni Computer.
Economic Times (New Delhi, India), September, 2005
Sep. 14--Global private equity investor General Atlantic on Monday partly exited from its investments in Patni Computer Systems, after it sold about 4.06m equity shares in the Indian software services major to foreign institutional investors for Rs 423 a share, in a deal valued at Rs 172 crore.
The buyers included Japan's Nomura India Investment Fund and Sloane Robinson of Mauritius. Foreign institutional investors, so far, own about 13.1 per cent equity stake in Patni Computer Systems. Patni's shares ended 7.5 per cent up at Rs 458 on the Bombay Stock Exchange.
The General Atlantic deal, which represents about 3 per cent of Patni's equity share capital, comes for the first time, after the Connecticut-based private equity firm invested about $100m in...
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