PATNI BOARD
Listed realty firm Phoenix Mills Ltd appoints Parveen Mahtani as group legal head
An alumna of Government Law College (GLC), Mumbai, Mahtani began her career at the law firm Desai & Diwanji as an associate, then joined another firm, Nishith Desai Associates. In 2005, she moved to an in-house role and joined IL&FS Trust Company Ltd. as legal head for the debt recovery division.
Only 2.3% of wealthy family businesses are ready for succession. What’s holding them back?
Julius Baer–EY’s Family Barometer Report 2026 shows that 65.9% of families believe the next generation is not yet ready, while emotional attachment, informal decision-making and weak family governance continue to complicate the transition. For India’s business families, the hardest part may not be transferring ownership—but preparing the family to decide what comes next.
Wingify appoints Mehernaz Dalal as chief financial officer
In her new role, Dalal will work closely with CEO Sparsh Gupta, the leadership team, Everstone and the board to build the financial and operating platform that will support Wingify’s next phase of global expansion while enabling the company to pursue its long-term growth and strategic priorities.
India’s family offices prepare for $1.5 trillion wealth transfer
India anticipates a significant intergenerational wealth transfer exceeding one trillion dollars. Family wealth is becoming more institutionalized with formal governance structures. This trend will expand the alternatives market significantly in the coming decade. India's billionaire and ultra-high-net-worth individual numbers are projected to increase. Exits and liquidity events are driving demand for wealth management services.
Patni Computer Systems that spawned offshoring, moulded Infosys men, finally fades into oblivion
Patni Computer Systems, a name intimately connected with the beginnings of India's software industry, faded away 34 years after it came into being.
Phaneesh Murthy's fast-track integration of Patni with iGate not going down well with investors
Phaneesh Murthy's fast-track integration, many fear, may be skewed in favour of iGate and its investors rather than Patni.
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Patni Computer Systems gets shareholders' nod for delisting
IT firm Patni Computer Systems today said it has received shareholders' approval for delisting the company from the Indian bourses and the New York Stock Exchange.
iGate completes acquisition of Patni Computers
Nasdaq-listed IT services company iGate announced a new go-to-market brand called 'iGate Patni' with a leaner 9-member executive team.
Post-acquisition, Patni executives to make way for iGate leadership
The changes are likely to be announced after the Patni board meeting on Thursday, where Narendra Patni, founder and chairman, will step down.
Patni down as Apax Partners, iGate nominees to join borad
Software provider Patni Computer Systems is set to announce the appointment of iGate representatives, Phaneesh Murthy and Goran Lindahl, and Shashank Singh of Apax Partners to its board.
Apax Partners, iGate nominees to join Patni board
Our BureauMumbaiSOFTWARE provider Patni Computer Systems is set to announce the appointment of iGate representatives, Phaneesh Murthy and Goran...
iGate & Apax to walk away with Patni for $1.2 bn
After months of speculation and anxious moments for investors, employees and customers of Patni Computer Systems, iGate became the new owner of the firm creating a combined entity that is close to a billion dollars in software export revenues.
iGate set to announce Patni acquisition today
Patni Computer Systems is set to announce an ownership change on Monday with its promoters Patni brothers and private equity firm General Atlantic selling their stake to IT services provider, iGate.
Heard on the Street
The deal is likely to be done at Rs 500-506 a share, two people with direct knowledge of the development said.
iGate to control Patni with 60% stake buy
Nasdaq-listed iGate Corporation will sign definitive agreements to buy a controlling stake in Patni Computer Systems on Monday.
Patni Board to meet on Monday to approve sale to iGate
iGate corporation will buy around 60% stake in the company from the founders and private equity investor General Atlantic.
iGate set to acquire Patni Computer in $1 bn deal
The deal marks culmination of efforts made by promoters and PE firm General Atlantic to sell their stake in Patni since 2007.
iGate likely to win controlling stake in Patni Computers
Nasdaq-listed iGate Corporation may end up as the winner of controlling stake in Patni Computer Systems after the promoters decided not to accept the price and conditions imposed by rival bidder, private equity giant Carlyle.
Patni Computer bid in last stage, new owner likely this week
The bids are expected to be near the market price, at around Rs 500 a share or a little above it. Patni shares closed at Rs 482.50 on BSE on Friday.
Patni founders rule out stake sale plans at AGM
Founders of Patni Computer Systems on Wednesday denied any plans to sell their stake in the company, while responding to shareholders’ queries during the company’s annual general meeting.
Patni promoters in talks with global, local cos to sell out
Japanese strategic investors, clutch of US tech firms and L&T Infotech among companies in race. Key facts on India's IT industry | IT Buzz: Hiring & Bonuses
Anirudh Patni quits over 'issues' with new management
Anirudh, the son of Patni founder Narendra Patni, has resigned from the co because of differences with its new management. Indian-origin CEOs head 8 US cos: Forbes
Hexaware soars 45% in a week on buyout rumours
The company, which turned in a nearly 50% sequential growth in net profit for the quarter ended December 31, 2008, has seen its stock rise by 45% to Rs 29.20 in the last one week
Hexaware soars 45% in a week on buyout rumours
There has been a lot of buzz around the Hexaware Technologies stock. The company, which turned in a nearly 50% sequential growth in net profit for the quarter ended December 31, 2008, has seen its stock rise by 45% to Rs 29.20 in the last one week.
CEO hunt to add fuel to Patni fire
The Patni stake sale saga may have ended, but differences among the three brothers over the way forward look set to intensify.
TPG, Apax make progress in Patni stake sale
The Patni transaction seems to be heading towards some conclusion with one section of the private equity firms in the race for the control of Patni Computer Systems finding common ground with the management and Patni brothers.
Patni sale in sight as two brothers take backseat
The two brothers, who are exiting part of their holdings , wanted to continue to on the board even after their stake came down to below 5%.
Carlyle, Apax join race for Patni stake
A clutch of top private equity guns, including Carlyle and Apax Partners, have shown interest in buying a large stake in Patni Computers
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