Published On: Sat, Nov 20th, 2010

Hitachi And Pes Firms Interested To Buy Stake In Patni

Indian software firm Patni Computer got two interested buyers Japan’s Hitachi and PE firms including Apax Partners have shown their interest to buy more than 60%, according to a media report on Friday.

Shares of the Patni firm would sale around 500 Rs/share that value about 39.32 billion rupees ($870 million).

Fonder brothers of the firm Mr. Gajendra, Narendra and Ashok, are planning to sale their 45.8 % stake of the company. While another private equity company General Atlantic is planning to sale 17.7 % stake in Indian form too.

Still, no official announcement made from the Patni officials, also Hitachi and PE firms not revealed any report.

According to the report Advent Advisors, Apax and Carlyle Group were in this buying race to buy stakes of Patni Computers. Also two other European firms and Hitachi were also liked to be potential bidders for the stake.