Patni: Strengths that new owners should leverage

Shyamanuja Das

NEW DELHI, INDIA: While the cancellation of the Monday press conference by iGate has given rise to a lot of speculations on whether the deal between Patni Computer and iGate-Ajax Partners consortium has really been finalized, it is  but sure that Patni' s sale is a matter of time. The possibility of a stake sale and the lack of consensus about the sale have made it to the headlines for last four years.

The $1 billion acquisition, if it is finalized, would be the biggest acquisition of an Indian company by another Indian company. While iGate is now listed only in the US, Patni is listed both in India and the US. In the annual DQ Top 20 ranking, Patni occupied the No 19 slot in 2010 while iGate was 61.

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