Genpact, one of the country's largest business process outsourcing firms, is mulling a US listing through an initial public offer to raise over $600 million for the company and its promoters.
The company is planning to sell about 15% equity through a public float on either Nasdaq or New York Stock Exchnage later this year, merchant banking sources said.The company's major shareholders — GE and US-based private equity giants Oakhill Capital and General Atlantic — are likely to sell part of their holding through this IPO, which could value the firm at around $4 billion.
Genpact has appointed three US-based investment banks — Morgan Stanley, JPMorgan and Citigroup — for the IPO and it may file the regulatory prospectus in the next few weeks, to be followed with a listing later this year.
Read more in The Times of India article.
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