Quess Corp has informed about outcome of Board Meeting of the Company held on December 22, 2021. The board considered and approved the following: Investment in Monster.com (India) (Monster India) (a wholly owned subsidiary of the Company) by Meridian Investments and Volrado Venture Partners Fund II (collectively Investors) along with the Company; transfer of Monster overseas entities, namely Monster.com.SG, Monster.com.HK and Agensi Pekerjaan Monster Malaysia Sdn Bhd from Quess Corp Holdings (a wholly owned subsidiary of the Company) to Monster India, subject to necessary approvals of relevant authorities of the respective jurisdictions; and Reconstitution of the Nomination and Remuneration Committee of the Board of Directors with immediate effect.
The above information is a part of company’s filings submitted to BSE.
