Quess Corp has acquired residual 30% stake in Conneqt Business Solutions (Conneqt) pursuant to the Put Option notice by Tata Sons (Tata). With this transaction, Conneqt will become a wholly owned subsidiary of Quess.
The company had acquired 51% of Conneqt in November 2017 and further increased its stake in Conneqt from 51% to 70% in May 2019 via infusion of primary capital, which was used to fund the acquisition of Allsec Technologies (Allsec) a listed CLM and HRO services provider.
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.
| Company Name | CMP |
|---|---|
| Quess Corp | 197.10 |
| SIS | 323.35 |
| TeamLease Services | 1238.30 |
| Bluspring Enterprise | 66.79 |
| Updater Services | 161.15 |
| View more.. | |
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