Quess Corp has received approval for the proposal of restructuring of overseas subsidiaries by way of acquisition of 56% stake in Mfxchange Holdings Inc., Canada (MFX), a wholly-owned step-down subsidiary of the Company from Quesscorp Holdings, Singapore, a wholly-owned subsidiary.
The proposed restructuring will result in simplification of structure of the company without any change in ultimate ownership of the company over the said subsidiary. Upon consummation of the aforesaid transactions, MFX would become a direct subsidiary of the company. The Board of Directors (Board) of the company at their meeting held on December 22, 2023, considered and approved the same.
Quess Corp is India’s leading business services provider and largest private-sector employer.
