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Private Equity | 12 April 2012

US Based Elliott Management Corp Divests Patni Computers' Stake

by Irfan Khan
US Based Elliott Management Corp Divests Patni Computers' Stake
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New York-based hedge fund Elliott Management Corp has divested 10.46% stake in @Patni_Computer Limited for about R700Cr.

Elliot, which manages assets worth $17 Bn, bought Patni stock through its Mauritius registered investment arms, Mansfield Ltd and Suffolk Ltd, which made some 70-odd transactions on BSE and NSE in November and December. Elliott has been buying small chunks of Patni Computer Systems since October.

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