Warburg Pincus to sell stake in WNS for $192 mn

Warburg Pincus today said it plans to sell its entire holding of over 14.5 million American Depositary Shares (ADS) in BPO firm WNS, through which the private equity firm expects to raise about $192 million.

"Warburg Pincus is proposing to offer and sell 12,625,343 ADSs (in WNS) in an underwritten public offering, subject to market and other conditions," WNS said in a statement.

Warburg Pincus also intends to grant the underwriters of the proposed offering a 30-day option to purchase up to an additional 1,893,801 ADSs to cover over-allotments, if any, it added.

Calculated on the basis of the closing price of WNS on February 5 at $13.20 at the NYSE, the offering could mop up funds to the tune of $191.65 million.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus