NEW YORK, August 1 /CNW/ - Genpact Limited, which manages business
processes for companies around the world, today announced that its initial
public offering of 35,294,118 common shares has been priced at $14.00 per
share. Genpact's shares will begin trading on the New York Stock Exchange on
August 2, 2007 under the symbol "G".
Of the total 35,294,118 common shares sold in the offering, half were
sold by the company, while the remaining shares were sold by certain
shareholders, consisting of General Atlantic, Oak Hill Capital Partners and
the General Electric Company. In connection with the offering, Genpact has
granted to the underwriters an option to purchase up to an additional
5,294,118 shares to cover over-allotments.
Genpact intends to use net proceeds from the sale of the shares by the
company to repay indebtedness outstanding under its credit facilities and for
working capital and general corporate purposes, including potential
acquisitions. Genpact will not receive any proceeds from the sale of shares by
the selling shareholders.
Morgan Stanley, Citi and JPMorgan were joint managers and book runners of
the offering. Wachovia Securities and Merrill Lynch & Co. served as co-lead
managers. Bank of America Securities LLC, Credit Suisse, Deutsche Bank
Securities and UBS Investment Bank served as co-managers.
This press release 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 jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of such jurisdiction. A copy of the prospectus relating to the offering may be
obtained from the Prospectus Department of Morgan Stanley & Co. Incorporated,
180 Varick Street, 2nd Floor, New York, NY 10024.
For further information:
For further information: For Genpact Limited David Jensen, 203-325-8676
203-252-8562 firstname.lastname@example.org Or Tristan B. Peniston-Bird,
212-515-1933 / 917-499-8355 email@example.com