- 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."