NV Tyagarajan

Genpact’s third-quarter net profit slips more than 47% year-on-year

Genpact’s third-quarter net profit slips more than 47% year-on-yearBusiness process management and technology services firm Genpact on Thursday reported a decline of 47.5 per cent in its net profit to $25 million for the third quarter ended September 30, 2012.

The New York Stock Exchange (NYSE) listed BPO & technology services firm said its net profit dropped 47.5 per cent to $25 million in the third quarter of 2012, against a profit of $48 million in the corresponding period of 2011.

Bain Capital looking to acquire a 30 percent stake in Genpact

Bain Capital looking to acquire a 30 percent stake in GenpactBain Capital Partners, a US private equity firm, is planning to acquire a 30 per cent stake in India's largest back office services provider, Genpact.

Bain Capital is looking to pay about $1 billion or about to buy 68 million Genpact shares from General Atlantic and Oak Hill Capital Partners. The acquisition will reduce the combined of the company's two largest stake holders to 10 per cent.




Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate


Syndicate content