Update on stake acquisition by Quess Corp By Yash Gupta, Angel Broking Ltd
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The main object This Investment will provide Quess full and complete ownership over Conneqt, allowing it to better realize synergies between its various divisions, Conneqt and Allsec and It will strengthen Quess’ position to accelerate growth in the IT/ITES space.
This investment is completely a cash consideration of ₹208 Crores for a 30% stake from Tata Sons Private Limited.
This acquisition will make Conneqt Business Solutions Limited a 100% owned subsidiary of Quess corp limited.
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