Quess Corp has received approval for increasing its stake in Vedang Cellular Services by 18.71%, Subsidiary of the Company. Consequently, the company will hold 88.71% shares in Vedang on completion of the acquisition of shares. The indicative time period for completion of the acquisition is December 31, 2019. With the increasing control over operations will lead to enhanced alignment to the company overall strategy. The Board of Directors of the company at their meeting held on October 30, 2019, approved the same.
Quess Corp is one of India’s leading integrated business services providers focused on emerging as the preferred partner for handling end-to-end business functions of its clients.