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Quess acquires residual 30% stake in Conneqt from Tata Sons

Quess acquires residual 30% stake in Conneqt from Tata Sons
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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. ....

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New Delhi, April 16 (IANS) 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.
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Update: 16-April-2021 ....

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