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iGATE (IGTE) Files 4M Shares Shelf

October 20, 2009 4:41 PM EDT
iGATE Corporation (Nasdaq: IGTE) approved the filing of a shelf registration statement on Form S-3. The registration statement will be filed on behalf of iGATE's co-founders and shareholders, Sunil Wadhwani and Ashok Trivedi to permit the Selling Shareholders to sell up to 4,000,000 shares of iGATE's common stock from time to time, in the open market or otherwise, in order to diversify their holdings for estate planning purposes.





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