Quess Corp shares zoom 16% on demerger plans
As per the regulatory filing, Quess Corp, which is backed by Canadian billionaire Prem Watsa, will demerge into Quess Corp Ltd, Digitide Solutions Ltd, and Bluspring Enterprises Ltd.
As per the regulatory filing, Quess Corp, which is backed by Canadian billionaire Prem Watsa, will demerge into Quess Corp Ltd, Digitide Solutions Ltd, and Bluspring Enterprises Ltd.
In an all stock deal, minority shareholders of Allsec will receive equity shares of Quess in a 0.74:1 ratio.
In 12 years, Quess Corp has become India’s No. 1 general staffing company with a 2,000-strong clientele including Amazon, Samsung, and Bajaj Finance. Leveraging tech, it’s preparing to shift gears.