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Quess Corp to acquire 51% stake in Tata Business Support Services

21 Nov 2017 Evaluate

Quess Corp has signed a definitive agreement with Tata Sons and Tata Capital to acquire a 51% stake in Tata Business Support Services (TBSS). Tata Sons will hold the remaining 49%. The transaction is expected to close in the next few weeks, subject to the fulfillment of customary closing conditions.

Tata Business Support Services is among India’s premier Customer Experience (CX) management companies, with over ten years of sectoral expertise. The company serves diverse third-party clients in the BFSI, Auto &Manufacturing, Telecom& Media, Retail and in emerging industries, in India and abroad, with an employee strength of approximately 27,000 employees, handling 500 million customer transactions every year.

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.


Peers
Company Name CMP
SIS 418.30
Quess Corp 357.75
TeamLease Services 1191.00
Bluspring Enterprise 142.30
BLS Internatl. Serv. 223.75
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