Genpact Limited (G) Approves $250M Buyback Plan

Genpact Limited (NYSE: G) announced that its Board of Directors has authorized the repurchase of up to $250 million of the company's common shares from time to time on the open market or in privately negotiated transactions.

N.V. 'Tiger' Tyagarajan, Genpact's president and CEO, said, "A share repurchase program is an important tool in our capital allocation framework and reflects our confidence in Genpact's ability to deliver long-term profitable growth and generate significant operating cash flow. As we execute our growth strategy, we will continually consider opportunities, including acquisitions, that allow us to create value for our shareholders."

The timing and amount of any shares repurchased will be determined by the company's management based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be canceled.

The repurchase program will be funded using cash or debt facilities. As of December 31, 2014, the company had cash and cash equivalents of approximately $462 million. Genpact Limited had approximately 218.7 million common shares outstanding as of December 31, 2014.

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