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Genpact expands share repurchase program

Sep. 20, 2016 10:24 AM ETGenpact Limited (G) StockBy: Gaurav Batavia, SA News Editor
  • Genpact NYSE:G +1.9% approved a new $250M share repurchase program bringing the total authorization since Feb 2015 to $750M.
  • Cash and debt facilities will be used to fund repurchase program.
  • As of June 30, 2016, the company had cash and cash equivalents of approx. $407M and approx. 209M shares outstanding.
  • N.V. 'Tiger' Tyagarajan, president and CEO, said, "Our share repurchase program remains an important tool in our capital allocation framework. We continually assess opportunities that allow us to enhance long-term shareholder value, and believe our shares represent an attractive investment."

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