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Quess Corp acquires residual 30% stake in Conneqt for Rs 208 crore

PTI | Bengaluru | Updated: 16-04-2021 10:05 IST | Created: 16-04-2021 10:05 IST Bengaluru-headquartered business services provider Quess Corp announced on Fridaythe acquisition of 30 per cent stake in Conneqt Business Solutions Ltd (Conneqt) for Rs 208 crore, pursuant to the Put Option notice by Tata Sons Pvt. Ltd. With this transaction, Conneqt will become a wholly owned subsidiary of Quess. Conneqt is a leading CLM and BPM services provider in India and operates 21-plus delivery centres wit...
United States Allsec Technologies Limited Quess Corp Conneqt Business Solutions Ltd Put Option Tata Sons

Quess acquires residual 30% stake in Conneqt from Tata Sons

Quess acquires residual 30% stake in Conneqt from Tata Sons ​ By IANS | ​ 2 Views Quess acquires residual 30% stake in Conneqt from Tata Sons. Image Source: IANS News New Delhi, April 16 : Quess Corp has announced the acquisition of the remaining 30 per cent stake in Conneqt Business Solutions Ltd for Rs 208 crore, pursuant to the put option notice by Tata Sons Pvt Ltd. In a statement Quess said that with this transaction, Conneqt will become its wholly owned subsidiary. Quess had acquire...
New Delhi Suraj Moraje Allsec Technologies Quess Corp Conneqt Business Solutions Ltd For Rs Tata Group

Conneqt deal will be cash & EBITDA-accretive for Quess Corp, says CFO

Conneqt deal will be cash & EBITDA-accretive for Quess Corp, says CFO SECTIONS Last Updated: Apr 16, 2021, 03:59 PM IST Share Synopsis "The sector where hiring has come back strongly are e-commerce, BFSI, telecom and manufacturing. There are certain sectors such as facility management business and security services that depend largely on offices reopening. So they are still a bit subdued." ET Now INSIGHTS NSE Quess Corp, talks about the Conneqt acquisition deal and about the overall India busi...
Ravi Vishwanath Quess Corp Tata Business Solutions Tata Business Allsec Technologies Tata Sons

Quess to buy ₹208-crore stake in Conneqt

Updated: Share Article AAA Quess Corp, a business services platform, said it will acquire the residual 30% equity stake in Conneqt Business Solutions from Tata Sons for ₹208 crore. Quess had acquired 51% of Conneqt in November 2017 and further increased its stake in Conneqt from 51% to 70% in May 2019 via infusion of primary capital, which was later used to fund its acquisition of Allsec Technologies, a CLM and HRO services provider. The combined strength of Conneqt and Allsec would provide Q...
Suraj Moraje Quess Corp Conneqt Business Solutions Tata Sons Allsec Technologies Business Services Platform

Quess Corp CFO speaks on Conneqt deal, business and jobs in Covid's wake

Quess Corp CFO speaks on Conneqt deal, business and jobs in Covids wake SECTIONS Last Updated: Apr 16, 2021, 03:59 PM IST Share Synopsis "The sector where hiring has come back strongly are e-commerce, BFSI, telecom and manufacturing. There are certain sectors such as facility management business and security services that depend largely on offices reopening. So they are still a bit subdued." ET Now Quess Corp, talks about the Conneqt acquisition deal and about the overall India business & jobs ...
Ravi Vishwanath Quess Corp Tata Business Solutions Tata Business Allsec Technologies Tata Sons

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market outlook: Ahead of Market: 12 things that will decide stock action on Tuesday

Synopsis Ruchit Jain, Senior Analyst - Technical and Derivatives at Angel Broking said, "One should prefer to trade with the trend now until any negative signs are seen and look for opportunities that could continue to outperform. The near-term trading range could be wide given the recent volatility, wherein the supports are now placed around 14,140 and 14,000, whereas resistance could be seen around 14,500.” Higher government spending in infrastructure and increased FDI limit in insurance im...
Andhra Pradesh Ruchit Jain Tata Elxsi Bajaj Finserv Vinod Nair Sundaram Clayton

Share Market News Live: Sensex nears record high, Nifty at 14,615; Infosys, HCL Tech, LT, TCS top gainers

Share Market Highlights: Sensex ends at record high, Nifty at 14,644; Tata Motors, M&M, Wipro top gainers January 20,2021 16:29 IST Sensex, Nifty Highlights on January 20: Equity benchmark closed at new record highs on Wednesday, tracking positive trend from global equities, on hopes of fresh US stimulus measures. Rising for the second straight session, Sensex ended 393 points higher at 49,792 and Nifty gained by 123 points to 14,644. Sensex and Nifty today touched new lifetime highs of 49,874...
India General United States Sun Pharma Janet Yellen Bajaj Finserv Manish Hathiramani

Trade Setup For Wednesday: Top 7 Things To Know Before Opening Bell

Trade setup for Wednesday: Top 7 things to know before Opening Bell Nagaraj Shetti of HDFC Securities expects more upside towards 14,655 and higher in the next couple of sessions. Sunil Shankar Matkar January 20, 2021 / 06:50 AM IST The market recouped more than half of previous two-day losses and closed 1.7 percent higher on January 19, driven by buying across sectors and positive global cues. The BSE Sensex rallied 834.02 points to 49,398.29, w...
India General Societe Generale Rakesh Jhunjhunwala Nagaraj Shetti Bajaj Finserv Insurance Company

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