Quess Corp (QCL) has received an approval for the Composite Scheme of Arrangement and Amalgamation between the company, Thomas Cook (India) (TCIL), subsidiaries of TCIL and their respective shareholders. The Board of Directors of the company at their meeting held on April 23, 2018, approved the same.
The Scheme, inter-alia, provides Demerger of the human resource services business of TCIL relating to staffing / human resource services for conducting tours and other businesses, talent development and training, resource management, facilities management services, selection services, food services and engineering services (Demerged Undertaking 2) from TCIL into QCL.
QCL 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.
