(SNA)Cash-rich GIC Singapore to infuse $150M in $1B Genpact deal with Bain

Sovereign wealth fund GIC Singapore is joining Bain Capital in a deal to buy 30 per cent stake in the business process management and technology services company Genpact Ltd for $1 billion. GIC Singapore will invest $150 million in the transaction along with Bain Capital's $849 million in Genpact, according to a filing. The deal comes after the two firms co-invested $850 million in Hero MotoCorp, the world’s largest bike-maker in terms of volumes, last year.

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Singapore GIC names new directors:

SINGAPORE--The Government of Singapore Investment Corp. said Thursday it has appointed three new directors to its board, a...