Quess Corp soars with its arm signing agreement to acquire majority stake in Allsec Technologies

Quess Corp soars with its arm signing agreement to acquire majority stake in Allsec Technologies

by admin- Thursday, April 18th, 2019 03:44:00 PM

Quess Corp is currently buying and selling at Rs. 732.70, up via 12.65 points or 1.76% from its previous remaining of Rs. 720.05 on the BSE.

The scrip opened at Rs. 730.Eighty five and has touched a high and low of Rs. 732.70 and Rs. 727.10 respectively. So a long way 360 stocks had been traded at the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1300.00 on thirteen-Jun-2018 and a fifty two week low of Rs. 581.10 on 10-Dec-2018.

Last one week high and low of the scrip stood at Rs. 739.80 and Rs. 703.Eighty respectively. The cutting-edge marketplace cap of the organization is Rs. 10518.84 crore.

The promoters maintaining in the enterprise stood at seventy one.43%, even as Institutions and Non-Institutions held 20.20% and 8.37% respectively.

Quess Corp’s subsidiary — Conneqt Business Solutions has signed definitive agreements to collect a majority stake in Allsec Technologies. The transaction involves Conneqt shopping 35.35% from the promoters, 26% from First Carlyle Ventures Mauritius thereby acquiring a majority control of 61.35%. In accordance with SEBI Regulations, Conneqt will make an open provide to the general public shareholders of Allsec to buy up to 26% of shareholding.

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