GE sells Indian outsourcing unit

Disposal of 60% stake in Gecis will earn $500 million.

General Electric has agreed to sell its Indian outsourcing company to two US private-equity firms. General Atlantic Partners and Oak Hill Capital Partners will pay about $500 million in cash for a 60% stake in GE Capital International Services Gecis, valuing the company at around $800 million. The deal is expected to go through in the next six months.

Analysts reckon that GE has timed the sale well to hit the business process outsourcing market...

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