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Genpact Ltd. (G) stock soars in the after-hour session. Here’s what’s happening?

Genpact Ltd. (NASDAQ: G) stock gained by 0.29% at the last close while the G stock projects a rise of 9.02% in the after-hours trading at last check. Genpact is a multinational business services company that is transforming business realistically. They promote digital innovation and smart digital operations for their customers, driven by the knowledge of thousands of processes for Global Fortune 500 companies in particular. Genpact thinks about architecture, dream about emerging technology and solve data and analytical problems.

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What is happening?

On April 27, 2021, it was being announced that Genpact is set to join S&P MidCap 400 whereas Unitil & Genworth Financial are about to join S&P SmallCap 600. S&P Dow Jones Indices will implement, before opening trade on Monday, May 3, the following amendments to the S&P MidCap 400 and S&P SmallCap 600:

  • According to the news, Genpact Ltd will take the place of Genworth financial in the S&P MidCap 400, whereas Genworth financial will replace Glu Mobile in the S&P SmallCap 600. In the contract that is supposed to be signed shortly pending final conditions, S&P 500 Electronic Arts Inc. is acquiring Glu Mobile.
  • Also, Unitil Corp. will take the place of Waddell & Reed Financial Inc. in the S&P SmallCap 600. In a transaction that is expected to be concluded soon pending the final conditions, Macquarie Group acquires Waddell & Reed Financial.

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