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Genpact Announces Transfer of Genpact Shares by Shareholder in Private Transaction
Publish Date : 12/15/2007 6:54:00 AM Source : American Local News Onlypunjab.com
Genpact Limited (NYSE:G), which manages business processes for companies around the world, announced today that GE has agreed to sell, in a private transaction, approximately $100 million of Genpact common shares to an affiliate of a limited partner in one of Genpact’s other shareholders. The shares sold will be subject to the same lock-up agreement that GE entered into with the underwriters of Genpact’s initial public offering and, consequently, no shares will enter the public trading market as a result of the transaction.
“Genpact is a good partner and continues to provide valuable support to our operations. This transaction is simply a part of our normal and on-going portfolio management activities and we look forward to a long and productive relationship,” a GE spokesman noted.
Pramod Bhasin, President and Chief Executive Officer of Genpact, said: “We welcome this diversification of our ownership base. We continue to have an excellent relationship with GE both as a client and as a shareholder. Our continuing significant revenue growth from GE is a reflection on the quality of this relationship.”
About Genpact
Genpact manages business processes for companies around the world. The company combines process expertise, information technology and analytical capabilities with operational insight and experience in diverse industries to provide a wide range of services using its global delivery platform. Genpact helps companies improve the ways in which they do business by applying Six Sigma and Lean principles plus technology to continuously improve their business processes. Genpact operates service delivery centers in India, China, Hungary, Mexico, the Philippines, the Netherlands, Romania, Spain and the United States. For more info: www.genpact.com. |
US Muslim group protests Modi visit
Publish Date : 2/25/2005 10:04:00 AM
An American Muslim group has urged the Bush administration not to allow Gujarat Chief Minister Narendra Modi to visit the US because he was allegedly identified ....
US religious coalition protests Modi's visit
Publish Date : 2/25/2005 10:01:00 AM
A coalition of American and Indian American religious leaders and rights activists has demanded that Gujarat Chief Minister Narendra Modi be stopped from entering the US....
'US contribution to Arab science to regain trust'
Publish Date : 2/24/2005 9:39:00 AM
The US should offer "matching funds" to oil-rich Arab states prepared to increase investment in building capacity in science and technology, a leading American Arab scientist has said.
Iraq's 'Garden of Eden' reviving
Publish Date : 2/24/2005 9:34:00 AM
The Mesopotamian marshlands of southern Iraq, believed to be home to the "Garden of Eden", are showing renewed signs of life after serious damage dealt to them ....
Campaign funds from Indian American returned
Publish Date : 1/29/2005 12:45:00 PM
A US Congressman has announced he is returning some of the campaign money received from an Indian American supporter after reports that the source of the funds could not be authenticated.
Police becoming sensitive to non-Christian faiths
Publish Date : 1/29/2005 10:56:00 AM
Police here are becoming more sensitive to those who follow non-Christian faiths after a special training on the religious practices of different faiths.
Man arrested for US train collision
Publish Date : 1/28/2005 12:43:00 PM
A 25-year-old man has been arrested for causing Wednesday's commuter train collision that killed at least 10 people near downtown Los Angeles.
Alive after being declared dead!
Publish Date : 1/28/2005 12:32:00 PM
A North Carolina man declared dead after he was hit by a car was pronounced alive two hours later when a medical examiner spotted him breathing in a morgue, reports UPI.
Jindal introduces first bill on Hill
Publish Date : 1/28/2005 10:17:00 AM
US Congressman Bobby Jindal introduced his first bill early in the 109th Congress, keeping a promise he had made to his constituency and signalling that he is already building ....
Bush talks democracy, but doesn't act
Publish Date : 1/27/2005 10:25:00 AM
US President George W. Bush spoke forcefully from the Capitol steps of a global crusade, though he carefully avoided that incendiary word, to spread liberty around the world.
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