Suffolk raises stake in Patni Computer Services to 5.3%

Private equity fund Suffolk ( Mauritius) has raised its stake in Patni Computer Services to 5.03 per cent 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.

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 per cent stake in Patni, but now it holds a 5.03 per cent stake in the IT firm.