Royal Bank of Canada Cuts Genpact Stake by 50%

Royal Bank of Canada sold 86,932 shares of Genpact Limited in the first quarter, according to its most recent filing with the Securities & Exchange Commission. This sale reduced the bank's stake in Genpact by 50.1%, leaving it owning about 0.05% of the business services provider.

The institutional investor sold a total of 86,500 shares during the quarter after acquiring an additional 574 shares in the previous period. The shares were valued at $3,222,000 as of its most recent SEC filing.