Quess acquires residual 30% stake in Conneqt from 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 acquired 51 per cent of Conneqt in November 2017 and further increased its stake in Conneqt from 51 per cent to 70 per cent in May 2019 through infusion of primary capital, which was used to fund the acquisition of Allsec Technologies Limited.

Related Keywords

India , New Delhi , Delhi , Suraj Moraje , Allsec Technologies , Quess Corp , Conneqt Business Solutions Ltd For Rs , Tata Group , Tata Sons Pvt Ltd , Conneqt Business Solutions Ltd , Tata Sons Pvt , Managing Director , இந்தியா , புதியது டெல்ஹி , டெல்ஹி , க்வெஸ் கார்ப் , டாடா குழு , டாடா மகன்கள் பிரைவேட் லிமிடெட் , டாடா மகன்கள் பிரைவேட் , நிர்வகித்தல் இயக்குனர் ,

© 2025 Vimarsana