PE fund Suffolk (Mauritius) raises stake in Patni

Suffolk (Mauritius) has acquired a total of over 1.13 lakh shares of IT firm Patni Computer Systems, totalling Rs 5.04 crore

FP Archives|Dec 20, 2014, 06:01:58 IST

Mumbai: Private equity fund Suffolk (Mauritius) has raised its stake in Patni Computer Services to5.03 percent after acquiring shares of the company worth Rs 5.04 crore through open market transactions.

Suffolk (Mauritius) has acquired a total of over 1.13 lakh shares of IT firm Patni Computer Systems, totalling Rs 5.04 crore, Patni Computer said in a filing to the BSE.

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Suffolk purchased 31,068 shares of the IT firm for Rs 1.37 crore and 82,464 shares for Rs 3.67 crore, the filing added.

Prior to the acquisition, Suffolk held a 4.95 percent stake in Patni, but now it holds a 5.03 per cent stake in the IT firm.

Yesterday, foreign fund house Morgan Stanley & Co International Plc sold nearly 21 lakh shares of IT firm Patni Computer Systems for over Rs 92 crore in the stock market. Shares of Patni Computer were trading at Rs 444.40, up 0.08 percent from their previous close.

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