SC 13D/A 1 patni13da-021512.htm FEBRUARY 15, 2012 patni13da-021512.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13D
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

(Amendment No.4)*

Patni Computer Systems Limited
(Name of Issuer)

Equity Shares
American Depositary Shares
(Title of Class of Securities)

703248203
(CUSIP Number)

Stephen M. Schultz, Esq.
Kleinberg, Kaplan, Wolff & Cohen, P.C.
551 Fifth Avenue, New York, New York 10176
Tel: (212) 986-6000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

February 9, 2012
(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ].

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7 for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 
 

 
 
1.
NAMES OF REPORTING PERSONS
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Elliott Associates, L.P.

2.           CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
                (b) [ ]

3.           SEC USE ONLY

4.           SOURCE OF FUNDS*
WC

5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
 
PURSUANT TO ITEMS 2(d) or 2(e) [  ]

6.           CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

7.           SOLE VOTING POWER
4,709,859
 
8           SHARED VOTING POWER
0

9.           SOLE DISPOSITIVE POWER
4,709,859
 
10.           SHARED DISPOSITIVE POWER
0

11.           AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,709,859
 
12.           CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*   [ ]

13.           PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.5%

14.           TYPE OF REPORTING PERSON*
PN

*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 

1.
NAMES OF REPORTING PERSONS
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Elliott International, L.P.

2.           CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
                (b) [ ]

3.           SEC USE ONLY

4.           SOURCE OF FUNDS*
WC

5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
 
PURSUANT TO ITEMS 2(d) or 2(e) [  ]

6.           CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

7.           SOLE VOTING POWER
0

8           SHARED VOTING POWER
8,746,880

9.           SOLE DISPOSITIVE POWER
0

10.           SHARED DISPOSITIVE POWER
8,746,880
 
11.           AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,746,880
 
12.           CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*   [ ]

13.           PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%

14.           TYPE OF REPORTING PERSON*
PN

*SEE INSTRUCTIONS BEFORE FILLING OUT!

 
 
 

1.
NAMES OF REPORTING PERSONS
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
        Elliott International Capital Advisors Inc.

2.           CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
                (b) [ ]

3.           SEC USE ONLY

4.           SOURCE OF FUNDS*
OO

5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
 
PURSUANT TO ITEMS 2(d) or 2(e) [  ]

6.           CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

7.           SOLE VOTING POWER
0

8           SHARED VOTING POWER
8,746,880
 
9.           SOLE DISPOSITIVE POWER
0

10.           SHARED DISPOSITIVE POWER
8,746,880

11.           AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,746,880

12.           CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*   [ ]

13.           PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%

14.           TYPE OF REPORTING PERSON*
CO

*SEE INSTRUCTIONS BEFORE FILLING OUT!
 
 

 
 
 
 

This statement is filed with respect to equity shares with a par value of Rs. 2 each (the "Common Stock"), of Patni Computer Systems Limited (the "Issuer"), beneficially owned by Elliott Associates, L.P. and its wholly-owned subsidiaries (collectively, "Elliott"), Elliott International, L.P. and its wholly-owned subsidiaries (collectively, "Elliott International") and Elliott International Capital Advisors Inc. ("EICA")(collectively, the "Reporting Persons") as of February 9, 2012 and amends and supplements the Schedule 13D filed on October 26, 2011, as previously amended (collectively, the "Schedule 13D").  Except as set forth herein, the Schedule 13D is unmodified.  

ITEM 3.Source and Amount of Funds or Other Consideration.

Elliott Working Capital                                    $38,412,216

Elliott International Working Capital            $70,802,194


ITEM 5.Interest in Securities of the Issuer.

(a)Elliott individually beneficially owns 4,709,859 shares of Common Stock.  The 4,709,859 shares of Common Stock individually beneficially owned by Elliott constitute 3.5% of the outstanding shares of Common Stock.  The 4,709,859 shares of Common Stock individually beneficially owned by Elliott are held by Mansfield (Mauritius) Limited, a Mauritius company and wholly-owned subsidiary of Elliott.

Elliott International and EICA beneficially own an aggregate of 8,746,880 shares of Common Stock, which constitute 6.5% of all of the outstanding shares of Common Stock.  The 8,746,880 shares are held by Suffolk (Mauritius) Limited, a Mauritius company and wholly-owned subsidiary of Elliott International.

Collectively, Elliott, Elliott International and EICA beneficially own 13,456,739 shares of Common Stock constituting 9.9% of all of the outstanding Shares.

(b)Elliott has the power to vote or direct the vote of, and to dispose or direct the disposition of, the shares of Common Stock beneficially owned by it.

Elliott International has the shared power with EICA to vote or direct the vote of, and to dispose or direct the disposition of, the shares of Common Stock owned by Elliott International.  Information regarding each of Elliott International and EICA is set forth in Item 2 of this Schedule 13D and is expressly incorporated by reference herein.

 
 
 


(c)The transactions effected by the Reporting Persons during the past sixty (60) days other than those previously disclosed in this Schedule 13D are set forth on Schedule 1 attached hereto.    

  ITEM 7.
Material to be Filed as Exhibits.

Exhibit A - Joint Filing Agreement (previously filed)

Schedule 1 - Transactions of the Reporting Persons Effected During the Past 60 Days



 
 
 


SIGNATURES

After reasonable inquiry and to the best of its knowledge and belief, the undersigned each certifies that the information with respect to it set forth in this statement is true, complete and correct.

Dated:  February 15, 2012
 
ELLIOTT ASSOCIATES, L.P.
By: Elliott Capital Advisors, L.P., as General Partner
By: Braxton Associates, Inc., as General Partner


By:  /s/ Elliot Greenberg
                              Elliot Greenberg
                              Vice President


ELLIOTT INTERNATIONAL, L.P.
By:           Elliott International Capital Advisors Inc.,
as Attorney-in-Fact


By:  /s/ Elliot Greenberg
                              Elliot Greenberg
                              Vice President

ELLIOTT INTERNATIONAL CAPITAL ADVISORS INC.


By:    /s/ Elliot Greenberg
Elliot Greenberg
Vice President




 
 
 

SCHEDULE 1

Transactions of the Reporting Persons Effected During the Past 60 Days other than those previously disclosed in this Schedule 13D


The following transactions were effected by Mansfield (Mauritius) Limited, a Mauritius company and wholly-owned subsidiary of Elliott Associates, L.P.:

 
Date
 
Security
 
 Amount of Shs.
 Bought (Sold)
 
   Approx. Price per
   Share (excl. of
   Commissions)
 
10-Feb-2012
ES
2,476
  
471.370771 Rs
  
10-Feb-2012
ES
4,341
  
471.241417 Rs
  
09-Feb-2012
ES
17,541
  
470.766862 Rs
  
09-Feb-2012
ES
5,209
  
471.329545 Rs
  
08-Feb-2012
ES
5,910
  
471.324584 Rs
  
08-Feb-2012
ES
4,646
  
471.269488 Rs
  
07-Feb-2012
ES
10,000
  
468.275800 Rs
  
07-Feb-2012
ES
9,250
  
468.998095 Rs
  
06-Feb-2012
ES
7,000
  
467.865243 Rs
  
06-Feb-2012
ES
4,550
  
467.814145 Rs
  
03-Feb-2012
ES
17,500
  
467.886522 Rs
  
02-Feb-2012
ES
9,000
  
466.293322 Rs
  
02-Feb-2012
ES
8,819
  
466.267864 Rs
  
01-Feb-2012
ES
1,855
  
466.353235 Rs
  
01-Feb-2012
ES
557
  
466.334129 Rs
  
31-Jan-2012
ES
4,404
  
464.433535 Rs
  
31-Jan-2012
ES
11,000
  
465.542373 Rs
  
30-Jan-2012
ES
23,000
  
460.396552 Rs
  
30-Jan-2012
ES
5,000
  
458.332270 Rs
  
27-Jan-2012
ES
12,590
  
470.194050 Rs
  
24-Jan-2012
ES
4,688
  
471.273057 Rs
  
23-Jan-2012
ES
5,953
  
471.292436 Rs
  
20-Jan-2012
ES
3,850
  
471.309634 Rs
  
19-Jan-2012
ES
3,352
  
471.359511 Rs
  
19-Jan-2012
ES
745
  
471.284322 Rs
  
18-Jan-2012
ES
8,543
  
470.882856 Rs
  
18-Jan-2012
ES
6,857
  
471.319529 Rs
  
17-Jan-2012
ES
1,398
  
471.336989 Rs
  
13-Jan-2012
ES
1,900
  
470.244958 Rs
  
12-Jan-2012
ES
11,315
  
467.797200 Rs
  
11-Jan-2012
ES
8,785
  
466.310150 Rs
  
10-Jan-2012
ES
13,000
  
466.378450 Rs
  
05-Jan-2012
ES
243
  
451.237490 Rs
  
04-Jan-2012
ES
1,760
  
451.237500 Rs
  
03-Jan-2012
ES
854
  
451.220562 Rs
  
02-Jan-2012
ES
10,968
  
446.630702 Rs
  
30-Dec-2011
ES
19,320
  
447.164601 Rs
  
 
 
 
 
 
 
29-Dec-2011
ES
17,331
  
443.979059 Rs
  
28-Dec-2011
ES
9,529
  
445.584862 Rs
  
27-Dec-2011
ES
727,325
  
444.643799 Rs
  
27-Dec-2011
ES
34,044
  
444.251583 Rs
  
26-Dec-2011
ES
4,438
  
444.211354 Rs
  
23-Dec-2011
ES
10,186
  
443.915107 Rs
  
22-Dec-2011
ES
61,132
  
446.066059 Rs
  
21-Dec-2011
ES
10,272
  
446.215769 Rs
  
20-Dec-2011
ES
24,430
  
446.157560 Rs
  
19-Dec-2011
ES
14,681
  
445.989857 Rs
  
16-Dec-2011
ES
3,120
  
443.853106 Rs
  

ES = Equity Share

All of the above transactions were effected on the open market.


 
 
 


The following transactions were effected by Suffolk (Mauritius) Limited, a Mauritius company and wholly-owned subsidiary of Elliott International, L.P:

 
 
 
Date
 
 
 
Security
 
Amount of Shs.
Bought (Sold)
Approx. Price per
Share (excl. of
Commissions)
10-Feb-2012
ES
12,659
  
471.241323 Rs
  
09-Feb-2012
ES
42,250
  
470.766868 Rs
  
08-Feb-2012
ES
19,605
  
471.324556 Rs
  
07-Feb-2012
ES
35,750
  
468.998114 Rs
  
06-Feb-2012
ES
21,450
  
467.814146 Rs
  
03-Feb-2012
ES
4,500
  
467.886491 Rs
  
03-Feb-2012
ES
28,000
  
470.708779 Rs
  
02-Feb-2012
ES
10,736
  
466.353322 Rs
  
02-Feb-2012
ES
22,355
  
466.267900 Rs
  
01-Feb-2012
ES
4,480
  
466.333692 Rs
  
31-Jan-2012
ES
27,073
  
464.433623 Rs
  
31-Jan-2012
ES
1,534
  
466.252934 Rs
  
30-Jan-2012
ES
14,000
  
465.782671 Rs
  
30-Jan-2012
ES
38,000
  
460.396542 Rs
  
27-Jan-2012
ES
22,410
  
470.194063 Rs
  
27-Jan-2012
ES
15,000
  
471.359633 Rs
  
24-Jan-2012
ES
2,330
  
471.273155 Rs
  
24-Jan-2012
ES
195
  
471.289744 Rs
  
23-Jan-2012
ES
2,265
  
471.292640 Rs
  
23-Jan-2012
ES
941
  
471.287673 Rs
  
20-Jan-2012
ES
150
  
471.308800 Rs
  
20-Jan-2012
ES
7,000
  
471.282033 Rs
  
19-Jan-2012
ES
7,610
  
471.283790 Rs
  
18-Jan-2012
ES
28,600
  
470.882831 Rs
  
17-Jan-2012
ES
2,596
  
471.337157 Rs
  
13-Jan-2012
ES
1,228
  
471.370261 Rs
  
13-Jan-2012
ES
2,300
  
470.373548 Rs
  
12-Jan-2012
ES
21,014
  
467.797209 Rs
  
11-Jan-2012
ES
16,315
  
466.334887 Rs
  
10-Jan-2012
ES
24,143
  
466.647002 Rs
  
05-Jan-2012
ES
451
  
451.236896 Rs
  
04-Jan-2012
ES
2,322
  
451.237446 Rs
  
04-Jan-2012
ES
948
  
451.232236 Rs
  
03-Jan-2012
ES
825
  
451.192424 Rs
  
03-Jan-2012
ES
763
  
451.220760 Rs
  
02-Jan-2012
ES
3,207
  
446.436595 Rs
  
02-Jan-2012
ES
17,163
  
446.630679 Rs
  
30-Dec-2011
ES
22,380
  
447.164618 Rs
  
30-Dec-2011
ES
13,500
  
447.437778 Rs
  
29-Dec-2011
ES
29,361
  
443.979055 Rs
  
29-Dec-2011
ES
2,824
  
441.750637 Rs
  
28-Dec-2011
ES
14,222
  
445.584878 Rs
  
 
 
 
 
 
 
28-Dec-2011
ES
3,474
  
445.615556 Rs
  
27-Dec-2011
ES
1,350,747
  
444.643800 Rs
  
27-Dec-2011
ES
10,434
  
444.293862 Rs
  
27-Dec-2011
ES
52,789
  
444.251590 Rs
  
26-Dec-2011
ES
6,641
  
444.211182 Rs
  
26-Dec-2011
ES
1,600
  
444.213750 Rs
  
23-Dec-2011
ES
11,392
  
443.915071 Rs
  
23-Dec-2011
ES
7,524
  
443.793163 Rs
  
22-Dec-2011
ES
82,464
  
446.066061 Rs
  
22-Dec-2011
ES
31,068
  
440.973997 Rs
  
21-Dec-2011
ES
7,239
  
446.216292 Rs
  
21-Dec-2011
ES
11,838
  
446.215759 Rs
  
20-Dec-2011
ES
3,482
  
446.216289 Rs
  
20-Dec-2011
ES
41,888
  
446.157574 Rs
  
19-Dec-2011
ES
9,454
  
446.056061 Rs
  
19-Dec-2011
ES
17,802
  
445.989849 Rs
  
16-Dec-2011
ES
2,361
  
445.505273 Rs
  
16-Dec-2011
ES
3,433
  
443.853061 Rs
  

ES = Equity Share

All of the above transactions were effected on the open market.