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
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.