IGate open offer for Patni shares to start Apr 8 | business | Hindustan Times
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IGate open offer for Patni shares to start Apr 8

US listed software firm iGate's open offer for 20.6% in India's Patni Computer Systems will open on April 8 and close on April 27, the manager to the offer said in a statement to the stock exchange on Wednesday.

business Updated: Mar 30, 2011 15:44 IST

US listed software firm iGate's open offer for 20.6% in India's Patni Computer Systems will open on April 8 and close on April 27, the manager to the offer said in a statement to the stock exchange on Wednesday.

The open offer was earlier scheduled to start on March 4 but was delayed as approval from India's markets regulator was pending.

iGate, backed by private-equity firm Apax Partners, acquired a majority stake in Patni for $1.2 billion in January, marking one of the largest deals in India's technology sector.