Zenta plans to enter capital mkt

MUMBAI: After Genpact, another BPO based out of India, Zenta (earlier H-Cube), is planning to enter the capital market. The firm, which is among the top 10 third-party BPOs in the country, is backed by the US-based private equity player GTCR Golder Rauner. The issue is being targeted for 2008 and the listing is likely to be on the US stock exchanges.

The timing of the IPO will hinge on how fast the company is able to meet its internal growth targets, a significant part of which will come from acquisitions.

“The issue could happen in the first half of 2008 if we grow according to plans,” President and COO Jack Freker, who was recently on a visit to India, told ET.

The company recently integrated three of its subsdiaries and merged them with itself to create a single entity, and also appointed a country manager.