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.
