WNS all set for NYSE listing

By agencies   |   Tuesday, 25 July 2006, 07:00 Hrs   |    1 Comments
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NEW DELHI: On July 30, WNS (Holdings) Ltd, announced to raise over $200 million through an IPO in the U.S. The shares will be traded on the New York Stock Exchange from Wednesday.

The Mumbai-based company, a provider of offshore BPO services, will include it the offer, a secondary offering of ADSs by selling shareholders named in the registration statement. Each ADS represents the right to receive one ordinary share of WNS (Holdings) Ltd. Deutsche Bank Trust Company Americas is the depositary for the ADSs.

The company, also parent company of WNS Global Services Ltd, provides data, voice and analytical services. It began as an in-house unit of British Airways Plc in 1996 and is seeking a Nasdaq listing under the symbol SOFS.

According to the regulatory filing, private equity firm Warburg Pincus holds 64.7 percent stake in WNS and British Airways 14.6 percent.

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