logo
Share SHARE
FONT-SIZE Plus   Neg

WNS Prices Public Offering Of 12.63 Mln ADSs By Warburg Pincus At $12.75/ADS

WNS (Holdings) Ltd. (WNS), 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
comments powered by Disqus
RELATED NEWS
Trade WNS now with 
Follow RTT