Quess Corp rises on signing agreement with Heptagon Technologies
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Quess Corp is currently trading at Rs. 674.45, up by 13.25 points or 2.00% from its previous closing of Rs. 661.20 on the BSE.
The scrip opened at Rs. 688.80 and has touched a high and low of Rs. 717.90 and Rs. 672.75 respectively. So far 25615 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 990.00 on 17-Sep-2021 and a 52 week low of Rs. 532.60 on 22-Apr-2021.
Last one week high and low of the scrip stood at Rs. 737.55 and Rs. 633.60 respectively. The current market cap of the company is Rs. 10043.51 crore.
The promoters holding in the company stood at 51.78 % while Institutions and Non-Institutions held 35.24 % and 12.98 % respectively.
Quess Corp has signed a Share Subscription agreement and Amended Shareholders' agreement with Heptagon Technologies (Heptagon), pursuant to which the Company has agreed to make an additional investment in Heptagon through subscription of 6,342 equity shares for a consideration of Rs 15,768 per equity share aggregating to Rs 10 crore. The investment is in line with Quess' digital first strategy to boost overall digital revenues. Controlling stake will enable Quess acquire IP of key digital assets.
Quess Corp is one of India’s leading integrated business services providers focused on emerging as the preferred partner for handling end-to-end business functions of its clients.
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