WNS (Holdings) Ltd. (WNS: Quote), a provider of global offshore business process outsourcing services, Monday announced the pricing of a previously announced underwritten secondary public offering of 12.63 million ADS's by Warburg Pincus at $12.75 per ADS. The offering is expected to close on or about February 15, 2013.
Also, WNS said that Warburg Pincus granted underwriters a 30-day option to purchase up to an additional 1.9 million ADSs.
WNS in a statement said it shall not receive any proceeds from the sale and added that Warburg Pincus shall have no remaining shareholdings in WNS following the offering, subject to the over-allotment option being exercised in full by the underwriters.
For the offering, BofA Merrill Lynch and Wells Fargo Securities are serving as joint book-running managers, while Baird, William Blair and Janney Montgomery Scott serve as co-managers.
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by RTT Staff Writer
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