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Quess Corp soars with its arm signing agreement to acquire majority stake in Allsec Technologies

Mumbai : Quess Corp is currently trading at Rs. 732.70, up by 12.65 points or 1.76% from its previous closing of Rs. 720.05 on the BSE. The scrip opened at Rs. 730.85 and has touched a high and low of Rs. 732.70 and Rs. 727.10 respectively. So far 360 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1300.00 on 13-Jun-2018 and a 52 week low of Rs. 581.10 on 10-Dec-2018.

Last one week high and low of the scrip stood at Rs. 739.80 and Rs. 703.80 respectively. The current market cap of the company is Rs. 10518.84 crore. The promoters holding in the company stood at 71.43%, while Institutions and Non-Institutions held 20.20% and 8.37% respectively.

Quess Corp’s subsidiary — Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters, 26% from First Carlyle Ventures Mauritius thereby acquiring a majority control of 61.35%. In accordance with SEBI Regulations, Conneqt will make an open offer to the public shareholders of Allsec to purchase up to 26% of shareholding.

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.

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