Profit

IGate accepts Patni’s delisting offer

PUBLISHED ON: April 9, 2012 | Duration: 10 min, 11 sec

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IGate, the promoter and owner of Patni, has accepted the latter’s delisting offer at Rs 520 a share, which is premium to the offer of Rs 380 that was made earlier. Phaneesh Murthy, CEO of igate-Patni, says that though this offer is expensive, it was important to close the process and move on.
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