Private equity fund Suffolk (Mauritius) has raised its stake in Patni Computer Services to 5.03% after acquiring shares of the company worth Rs 5.04 crore through open market transactions.
Suffolk (Mauritius) has acquired a total of over 1.13 lakh shares of IT firm Patni Computer Systems, totalling Rs 5.04 crore, Patni Computer said in a filing to the BSE.
Suffolk purchased 31,068 shares of the IT firm for Rs 1.37 crore and 82,464 shares for Rs 3.67 crore, the filing added.
Prior to the acquisition, Suffolk held a 4.95% stake in Patni, but now it holds a 5.03% stake in the IT firm.
Yesterday, foreign fund house Morgan Stanley & Co International Plc sold nearly 21 lakh shares of IT firm Patni Computer Systems for over Rs 92 crore in the stock market.
Shares of Patni Computer were trading at Rs 444.40, up 0.08% from their previous close.