US Based Elliott Management Corp Divests Patni Computers' Stake
by Irfan Khan
New York-based hedge fund Elliott Management Corp has divested 10.46% stake in Patni Computer Systems 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.