Why igate acquired patni

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ET India Inc. ET Engage. ET Secure IT. Tech Bytes. The deal To acquire Patni, iGate will buy the entire The company will also make an open offer to other shareholders for acquiring a minimum of 20 per cent at the same price as per the Sebi rule. Merger not immediate Replying to a question if iGate and Patni will merge financially, Murthy replied that a merger is certainly on the cards but no decision has been taken on route and time frame. To begin with, the leadership team from two companies will sit together to work on a strategy to present a combined front to the clients.

Patni has 16, employees, customers, 22 global delivery centres, and offices in 30 locations worldwide. But we believe that we will have the support of 25, employees in doing the work of integration," he said. The merger could result in a more competitive entity, said another analyst. Hence, Patni was unable to take on bigger deals or huge orders. With the acquisition, there should be scope for cross selling and improvement in margins," said Probir Rao, managing director and head of investment banking and capital markets India at Jefferies India Pvt.

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