Quess to buy ₹208-crore stake in Conneqt : vimarsana.

Quess to buy ₹208-crore stake in Conneqt


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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 Quess a sizeable base to expand its CLM and BPM capabilities with emphasis on digital services and international expansion, said Quess in a statement.

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