Genpact files with SEC for public offering
Genpact has announced filing of a registration statement with the SEC for a proposed IPO.
By INDIATIMES NEWS NETWORK |
NEW DELHI: After EXL listing on Nasdaq and WNS going to the New York Stock Exchange (NYSE), it’s business process outsourcing major Genpact Limited’s turn to tap the foreign bourses.
The company has announced the filing of a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of its common shares.
Genpact will apply to have its common shares listed on the NYSE under the symbol “G”. The joint bookrunning managers are Morgan Stanley, Citi and JPMorgan.
According to sources close to the development, the company is expected to raise $600 million form the public offering.
The Gurgaon-based BPO that was previously a part of General Electric (GE), has over 28,000 highly skilled associates specialized by industry with technology specialists operating in 28 languages. It has very strong Indian presence and, in a way, owns its genesis to India.
In December last, Genpact’s employee strength stood at 26,782 of which over 20,000 associates were based in India across Delhi, Gurgaon, Hyderabad, Bangalore, Jaipur and Kolkata. It has expanded operations since in Bhopal, Bhubaneshwar and Jaipur.
It also delivers services through 25 other operations including those in China, Hungary, Romania, Spain, the Netherlands, Mexico, the Philippines, UK and the United States.
As per the company communication, a registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
“The information sent out shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction,” according to the statement sent by the company on Saturday.
The company has announced the filing of a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of its common shares.
Genpact will apply to have its common shares listed on the NYSE under the symbol “G”. The joint bookrunning managers are Morgan Stanley, Citi and JPMorgan.
According to sources close to the development, the company is expected to raise $600 million form the public offering.
The Gurgaon-based BPO that was previously a part of General Electric (GE), has over 28,000 highly skilled associates specialized by industry with technology specialists operating in 28 languages. It has very strong Indian presence and, in a way, owns its genesis to India.
In December last, Genpact’s employee strength stood at 26,782 of which over 20,000 associates were based in India across Delhi, Gurgaon, Hyderabad, Bangalore, Jaipur and Kolkata. It has expanded operations since in Bhopal, Bhubaneshwar and Jaipur.
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It also delivers services through 25 other operations including those in China, Hungary, Romania, Spain, the Netherlands, Mexico, the Philippines, UK and the United States.
As per the company communication, a registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
“The information sent out shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction,” according to the statement sent by the company on Saturday.
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