New Delhi: India''s largest BPO company Genpact plans to float a 600 million dollar (around Rs2,500 crore) initial public offer on the New York Stock Exchange. The initial public offer will lead to existing shareholders selling their holding and fresh shares being issued.

In its filing, the company said all the existing shareholders -- GE, Oak Hill and General Atlantic - would sell part of their stakes in the company, which was initially a captive centre for General Electric.

In 2004, Oak Hill and General Atlantic picked up 30 per cent each in the company. Now they want to offload a part of their holding.

The company, however, did not give details of how much each investor will sell and the fresh shares that will be on offer.

The company would use the proceeds of the offering to repay debt, fund acquisitions, and for working capital expenses.