There is a likelihood that only 10-12% stake will be made available to private equity and strategic investors eyeing for Patni Computer Systems stake as against 44% earlier, reports Economic Times.
It is said that promoters Ashok and Gajendra Patni, who were reportedly looking to completely exit the company by selling the 14% stake held by each of them, are now looking to sell only 5-6% each.
Moreover, private equity investor, General Atlantic Partners, which earlier wanted to sell its entire 16% stake is rethinking on the issue.
Apax Partners, which had earlier expressed interest in buying the entire 44% stake, has backed out due to these developments.
It is said that Apex is not interested in buying a 10-12% stake.
Patni Computers, was founded by three brothers, Ashok, Gajendra and Narendra Patni who together own 44% in the company.
Source : My Iris