Carlyle, Advent to team up for Patni stake sale: sources
By Sumeet Chatterjee and Michael Smith
MUMBAI/HONG KONG |
Tue Nov 23, 2010 8:44am EST
MUMBAI/HONG KONG (Reuters) - India's Patni Computer (PTNI.BO) is a step closer to selling a majority stake for nearly $1 billion after years of talks, as private equity firms Carlyle and Advent plan to jointly bid for the stake in two weeks, sources said on Tuesday.
Private equity firm Apax and Japanese technology company Hitachi (6501.T) are also likely to team Read more [...]