Patni Announces Pricing of American Depositary Shares
09 December 2005 - 12:42AM
PR Newswire (US)
Prices American Depositary Share at $20.34 per ADS NEW YORK and
MUMBAI, India, Dec. 8 /PRNewswire-FirstCall/ -- Patni Computer
Systems Limited (Patni) announced today that its initial public
offering and listing on the NYSE of 6,875,000 American Depositary
Shares (ADSs) will occur on December 8, 2005. The ADSs will begin
trading under the ticker symbol "PTI." The price for each American
Depositary Share (ADS) has been fixed at US $20.34. The ADS
Offering comprises 5.125 million primary ADSs, 1.75 million
secondary ADSs and up to an additional 1.03125 million primary ADSs
under the over-allotment option given to the underwriters. Each ADS
represents two equity shares. The underwriters are Goldman Sachs
(Asia) LLC, Merrill Lynch & Co., ABN AMRO Rothschild LLC,
Jefferies and Macquarie Bank Ltd. Patni has filed a registration
statement (including a prospectus) with the SEC for the offering to
which this communication relates. Before investing, prospective
investors should read the prospectus in the registration statement
and other documents Patni has filed with the SEC for more complete
information about Patni and this offering. These documents may be
got for free by visiting EDGAR on the SEC Web site at
http://www.sec.gov/. Alternatively, investors may request to
receive the prospectus by contacting Goldman, Sachs & Co,
attention Prospectus Department, 85 Broad Street, New York, NY
10004, by fax: 212-902-9316 or by e-mail at . About Patni Computer
Systems Ltd Patni Computer Systems Limited
(NYSE:PTINYSE:BSE:NYSE:PATNINYSE:COMPUTNYSE:NSE:NYSE:PATNI) is a
leading Indian provider of information technology services. Patni
offers its services through industry-focused practices, including
insurance, manufacturing, financial services, and
telecommunications, and through technology-focused practices.
Patni's service lines include application development, application
maintenance and support, packaged software implementation,
infrastructure management services, product engineering services,
business process outsourcing and quality assurance services. For
more information please contact: For Patni (India) Text 100 Aru
Sayed - 9820052444 Ketan Jain - 98203 03412 Kavita Karnani -
9833097261 Tel : +91 22 56595519/20 For Patni (USA) Text 100 Public
Relations Sean Audet - 617-399-4906 Sriya Kodial - 617-399-4918
Text 100 US - 617-723-1044 DATASOURCE: Patni Computer Systems Ltd
CONTACT: Aru Sayed, +9820052444, or Ketan Jain, +98203 03412, or
Kavita Karnani, +9833097261, all for Patni Computer Systems Ltd
(India), +91 22 56595519/20, or Sean Audet, +1-617-399-4906, or
Sriya Kodial, +1-617-399-4918, both for Patni Computer Systems Ltd
(US), +1-617-723-1044 Web site: http://www.patni.com/
http://www.sec.gov/
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