Patni Computer lists on the NYSE

India''s sixth largest IT services company becomes the first Indian issuer to list on the NYSE since 2001.

Patni Computer Systems raised $140 million on Wednesday night December 7 via an ADR deal led by ABN AMRO Rothschild, Goldman Sachs and Merrill Lynch. The 6.875 unit issue was priced at $20.34 per unit, which represented parity to the group's Rs469.55 closing share price on India's National Stock Exchange earlier the same day.

The deal was structured as a dual primary and secondary share offering, of which 75% constituted primary shares and 25% secondary...

To continue reading, please login or register for free

Click for more on: patni | computer | lists | nyse

Print Edition

FinanceAsia Print Edition

CONFERENCES