Heard on the street: Confusion over Patni delisting may end soon

Clarity over iGate's plan to delist Patni Computer is expected soon. Sources tracking the development say that the company was awaiting regulatory 'approvals' for going ahead with its delisting plan.

Promoters of Patni announced their intention to delist the company in November last year and received in-principle approval from the exchanges to delist. However, the matter was pending 'approval' as promoters' shareholding had reached 83%, say sources.

(Contributed by Apurv Gupta)