Quess Corp has received an approval for purchase of 4.5% equity shares of Vedang Cellular Services (Vedang), a subsidiary of the Company from its erstwhile Promoter, Ashish Kapoor as per the Promoter's Put Option in the Shareholder's Agreement dated October 25, 2017 for Rs 6.05 crore as determined pursuant to the aforesaid Agreement. Consequently, the Company will hold 96.97% equity shares in Vedang upon completion of the aforementioned transfer of shares.
The Board of Directors at their meeting held on November 06, 2023, considered and approved the same. Vedang is a key player in the Telecom Network Operations & Maintenance space, present across 20 Telecom circles with strong industry relations, superior service offerings and deep technical capability.
Quess Corp is India’s leading business services provider and largest private-sector employer.
