Quess Corp has informed that the National Company Law Tribunal, Bengaluru Bench (NCLT) vide its order dated on November 30, 2017 (received today), has sanctioned the scheme of arrangement between Quess Corp (Quess / Transferee Company) and Manipal Integrated Services (MIS / Transferor Company) and their respective shareholders and creditors, for demerger of Identified Business (comprising (i) Facility Management Business & (ii) Catering Business) of MIS into Quess. The Scheme shall be effective from the appointed date as mentioned in the Scheme of Arrangement i.e. December 1, 2016.
The above information is a part of company’s filings submitted to BSE.
