Genpact IPO to raise $730.6 M through NYSE

By India Abroad News Service   |   Wednesday, 18 July 2007, 07:00 Hrs
Printer Print Email Email
Mumbai: Genpact, an Indian BPO, registered its initial public offering of 35.3 million shares at an estimated price of $16 to $18 a share. According to a filing with U.S. Securities and Exchange Commission, Genpact would offer about 17.6 million shares in the listing on the NYSE, while other stockholders will offer the remaining shares.

Genpact hopes to raise about $600 million through its IPO to be listed in U.S. Its rivals WNS Holdings and EXL Service holdings have been trading there since last year. The company has informed that it would use the proceeds of the share sale to repay debt and for general corporate purposes, including potential acquisitions.

SPOTLIGHT
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..