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Suffolk Mauritius acquires stake in Patni Computer for Rs 59.973 crore

28 Dec 2011 Evaluate

Suffolk Mauritius has acquired 1% stake in Patni Computer Systems on Tuesday. The company bought 13.50 lakh shares of the company at Rs 444 per share amounting to Rs 59.973 crore. Moreover, Mansfield (Mauritius) has also bought 7.20 lakh shares of the company at Rs 444 per share for Rs 32.293 crore.

On the other hand, Morgan Stanley sold 1.55% stake in Patni Computer Systems by selling 20.70 lakh shares at a price of Rs 444 a share amounting to Rs 92.266.

Patni Computer Systems is one of the leading global providers of information technology services and business solutions in the country. The IT major has serviced more than 400 Fortune 1,000 companies for over two decades.

Peers
Company Name CMP
TCS 2202.00
Infosys 1038.20
HCL Technologies 1207.00
Wipro 167.50
Tech Mahindra 1539.50
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