Patni Computer gets shareholders approval for delisting caution about these stocks

IT firm Patni Computer Systems has received shareholders’ approval for delisting the company from the Indian bourses and the New York Stock Exchange, according to reports.

Reports stated that as per the delisting proposal, equity shares of Patni would be delisted from the Bombay Stock Exchange as well as the National Stock Exchange and its American Depository Receipts (ADRs) would be delisted from the New York Stock Exchange.

US-based iGate acquired Patni Computer Systems last year and intends to delist the domestic company from the Indian bourses and the New York Stock Exchange by mid-2012, says report.

Reports stated that the delisting will be done through the reverse book-building process and iGate has indicated a floor price of Rs. 356.74 per share.

Disclaimer: Information presented on this site is a guide only. It may not necessarily be correct and is not intended to be taken as financial advice nor has it been prepared with regard to the individual investment needs and objectives or financial situation of any particular person. Stock quotes are believed to be accurate and correctly dated, but www.stockmarketindian.com does not warrant or guarantee their accuracy or date.
www.stockmarketindian.com takes no responsibility for any investment decisions based on recommendations provided on website.
Financial contents like Technical charts, historical charts and quotes are taken from NSE and Yahoo sites.
Note - All quotes are delayed by 15 minutes and unless specified.

Google Adsense Ads are posted on every page of the website so visitors clicking on Ads and going to those links and carrying any financial deal is not at all related to www.stockmarketindian.com and any financial deal should be done on their own sole responsibility.
Please read at www.stockmarketindian.com/disclaimer.php before using any material or advice given at www.stockmarketindian.com
Copyright © 2006-2012 StockMarketIndian.com. All Rights Reserved