Patni Computers jumped by nearly 8 per cent in the first half of trade on the BSE today amid media reports that the company's promoters have reached a consensus on a stake sale to Japanese IT major Fujitsu.
Buoyed by the report, shares of Patni Computers gained a whopping 7.99 per cent to Rs 464 in morning trade on the Bombay Stock Exchange.
The counter performed even better on the National Stock Exchange, surging by 9.56 per cent to Rs 472.30 in the first half of trade. On the volume front, over nine lakh shares of the company were traded on the bourses.
Meanwhile, the broader gauge Sensex was trading at 20,522.55, up by 46.82 points.
According to media reports, promoters of Patni Computers, who are in stake sale talks with Fujitsu, are likely to retain around a 5 per cent stake in Patni after the sale. The promoters of Patni presently own a 46 per cent stake in the company.
