Quess Corp has received approval to increase stake in Greenpiece Landscape India, Subsidiary of the Company. Consequently, Greenpiece will become a wholly owned Subsidiary of the Company, on completion of the acquisition of balance shares in Greenpiece. The Board of Directors of the Company at its meeting held on April 17, 2019 has approved the same.
The cash consideration of Rs 2.80 core will be paid for acquiring additional 10% stake. Total holding will increase from 90% to 100% and Greenpiece will become the wholly owned subsidiary.
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.
