US software company iGate along with private equity firm Apax Partners has agreed to acquire a majority stake in Indian software services major Patni Computer Systems on Monday for about $920 million.
The Indian software company in a regulatory filing said that iGate would buy out the promoter stake of Narendra Patni, Gajendra Patni and Ashok Patni approximating 43.6 per cent for about Rs 503.5 per share.
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