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Indian Hume Pipe Company Ltd Jobs
Industry : Iron and Steel
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Apax looks to take control of Patni for $800 million
UK Investor in Fray with Other PEs, IT Firms
UK-BASED private equity major Apax Partners is learnt to be interested in picking a controlling stake in Patni Computers Systems for over $800 million. Sources dose to the development said two mid-tier Indian IT companies and some private equity (PE) funds are also in the fray.
These moves come as Gajendra and Ashok Patni, who are co-founders and together own 28% stake in the Mumbai-based company, are looking to exit. PE firm General Atlantic too is looking to sell 16%.
When contacted by ET, Apax
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