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 shares.

The main vendor is General Atlantic Partners, which drops from 20.99% to 16.82%. pre greenshoe. A further 45% is equally held by the three Patni borothers of whom one is...

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