Allsec Technologies has received approval for the merger of Allsec Technologies into Quess Corp (Scheme) in an all-stock deal. Upon the scheme becoming effective, all the subsidiaries of Allsec will become subsidiaries of Quess. The Board of Directors of Allsec Technologies and Quess Corp in their respective meetings held on June 22, 2022 have approved the same. Public shareholders of Allsec will receive 74 shares of Quess for every 100 shares held in Allsec.
The merger is subject to the approval of the respective shareholders and creditors of Quess and Allsec, Stock Exchanges, SEBI, the National Company Law Tribunal and other regulatory authorities as may be required. Till the Scheme becomes effective, Quess and Allsec will continue to function independently.
Allsec Technologies is engaged in the business of providing IT enabled services.
Company Name | CMP |
---|---|
Quess Corp | 625.90 |
eClerx Services | 2365.15 |
Info Edge | 6014.95 |
CMS Info Systems | 403.60 |
Affle (India) | 1083.40 |
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