Patni Computer Systems is trading higher by 3% at Rs 510 after the promoter iGate Corporation have accepted the discovered price of Rs 520 per share to de-list the information technology service firm from Indian stock exchanges.
“The promoters have accepted the discovered price of Rs 520 per share and shall accept all the bids at or below the final price and the shareholders of the company who have validly tendered their shares at or below the final price will be paid the consideration of Rs 520 per share,” Patni Computer Systems said in a filing to the stock exchanges.
A combined 338,618 shares have changed hands on the counter till early noon deals on both the exchanges.