The transition will not make any significant change in Genpact management which is supporting the entry of new shareholders, as reported by The Times of India.
Oak Hill Capital and General Atlantic Partners are being advice by Morgan Stanley and Citigroup pertaining to the successful execution of the deal.
The recent development to sell the stake has valued Genpact to the tune of $3.4bn and transaction will take place as per the current prevailing market price, estimated to be around $1.4bn.
Genpact, Indian business process outsourcing (BPO) firm has also attracted potential buyers including Carlyle Group and Cognizant Technology Services, but pulled out their hands from further process.
According to an estimate, the deal will not be decided through an auction process and a preferred suitor or consortium may buy the shares through block deals in open market transactions within 45 days.
Since 2004, Oak Hill and General Atlantic were managing their stake in the company following their acquisition of the company from original founder General Atlantic.
The transaction will also mark a first significant example of private equity firms acquiring a large management-driven Indian company, in a bid to pursue other entrepreneurial initiatives.
