SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Quess Corp gets nod to raise around Rs 51 crore via preferential allotment

12 Jul 2019 Evaluate

Quess Corp has received an approval for issue of 7,54,437 equity shares of the company having a face value of Rs 10 per such equity share (Equity Shares) to Amazon.com NV Investment Holdings LLC, a category III Foreign Portfolio Investor (Investor), for an aggregate amount of Rs 50,99,99,412 at an issue price of Rs 676 by way of a preferential allotment (Issue) in accordance with applicable law, and subject to such regulatory/statutory approval as may be required, including approval of the shareholders of the Company. The Board of the company in its meeting held on July 12, 2019, approved the same.

In relation to the proposed investment by the Investor in the Company, the Board has also approved the execution by the Company of the Share Subscription Agreement (SSA) with the Investor for the proposed Issue of Equity Shares to the Investor on a preferential basis and the investment agreement (Investment Agreement) with the Investor and Qdigi Services, a wholly owned subsidiary of the Company (Subsidiary), in relation to the utilization of the proceeds of the investment towards, and certain rights of the Investor relating to, the business of the 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.

Quess Corp Share Price

197.10 1.05 (0.54%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Quess Corp 197.10
SIS 323.35
TeamLease Services 1238.30
Bluspring Enterprise 66.79
Updater Services 161.15
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×