India Inc witnessed a large acquisition in the IT sector, after a long interval. iGate Corporation is acquiring Patni Computer Systems, in a deal which values the company at about $1.5 billion or Rs 6,800 crore. This is not a case of the big fish going for the smaller fish. Patni has a larger business than that of the acquirer. Phaneesh Murthy is the president and CEO of iGate, which is buying out the Patni’s family’s stake in the company.
indiabusinessview - Business News, Financial News, Analysis, Commentary, Views, Opinion
indiabusinessview (https://indiabusinessview.com/tag/igate_corporation/)