The Bank of New York Appointed Depositary for Patni Systems, Ltd.’s Listed Program
NEW YORK, December 19, 2005 – The Bank of New York, a global leader in securities servicing, has been appointed by Patni Computer Systems, Ltd. as depositary bank for its American depositary receipt (ADR) program. One Patni ADR represents two equity shares. The ADRs trade on the New York Stock Exchange under the symbol “PTI.” Patni Computer Systems, Ltd. is listed on The Bombay Stock Exchange Limited and the National Stock Exchange of India Limited.
Patni Computer Systems Limited, based in Mumbai, is a global information technology provider with offshore development facilities in eight cities and 24 offices across the Americas, Europe and Asia-Pacific. Its service offerings include application development, application maintenance and support, packaged software implementation, infrastructure management services, product engineering services, business process outsourcing and quality assurance services.
The Bank of New York is depositary for more than 1,200 American and global depositary receipt programs, a 64% market share, acting in partnership with leading companies from 60 countries. With an unrivalled commitment to helping securities issuers succeed in the world’s rapidly evolving financial markets, the Bank delivers the industry’s most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at www.adrbny.com.
The Bank of New York has been providing high quality customer service and pioneering technology to financial institutions in India for over 20 years. Since the founding of its representative office in Mumbai in 1983, the Bank has offered a wide variety of financial products and services, including depositary receipts, trade finance and global payments.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company’s extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.
The Bank of New York provides no advice nor recommendation or endorsement with respect to any company or security. Nothing herein shall be deemed to constitute an offer or solicitation of an offer to buy or sell securities.
Patni Computer Systems Limited has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates, which may be obtained on the SEC Web site at www.sec.gov.
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