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Quess Corp shines with arm acquiring 35.35% stake in Allsec Technologies

03 Jun 2019 Evaluate

Quess Corp is currently trading at Rs. 657.30, up by 9.65 points or 1.49% from its previous closing of Rs. 647.65 on the BSE.

The scrip opened at Rs. 655.90 and has touched a high and low of Rs. 666.50 and Rs. 655.05 respectively. So far 297 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. 684.65 and Rs. 638.90 respectively. The current market cap of the company is Rs. 9635.55 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 acquired 53,87,155 equity shares of Allsec Technologies, representing 35.35% of the total share capital of Allsec by way of a block trade on the National Stock Exchange of India. Accordingly, as on June 3, 2019, the Acquirer holds 93,49,095 equity shares of Allsec, representing 61.35% the total share capital of Allsec.

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 415.45
Quess Corp 355.00
TeamLease Services 1200.00
Bluspring Enterprise 139.50
BLS Internatl. Serv. 225.00
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