NEW YORK ( TheStreet) -- Patni Computers (PTI), a U.S.-listed technology firm, is currently the point of argument and discussion between the promoters of the company and its prospective bidders. The buyout deal, if successful, would be one of India's largest IT M&A deals, topping $1 billion.The founders of India's seventh-largest software exporter, Patni Computers, and major investor General Atlantic are looking to sell their stakes in the company in order to monetize their holdings and diversify their assets beyond the technology sector, the Wall Street Journal reports, citing people familiar with the matter. The Patni family (comprising of three brothers) and General Atlantic stakes are 45.88% and 17%, respectively.
Patni Stake Sale: India's Largest IT M&A Deal
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