GE has sold about a 4% stake in Genpact, India’s largest business process outsourcing (BPO) firm, for about $100 million in a private transaction. Following the sale, GE’s stake in the NYSE-listed BPO firm has come down to 18.8% from about 23% earlier. Private equity players General Atlantic and Oak Hill Capital Partners have a combined stake of 52% in Genpact. GE has sold 8 million shares at a price of $12.5 per share. In a filing with the Securities and Exchange Commission on Saturday, Genpact said, “GE has agreed to sell, in a private transaction, approximately $100 million of Genpact common shares to an affiliate of a limited partner in one of Genpact’s other shareholders.” Subject to the lock-up agreement that GE entered into with the underwriters of Genpact’s IPO, the 8 million shares would not enter the public trading market as a result of the transaction, it added. “Genpact is a good partner and continues to provide valuable support to our operations. This transaction is simply a part of our normal and on-going portfolio management activities and we look forward to a long and productive relationship,” a GE spokesperson said. […]