Shares of Quess Corp Limited jumped over 5% after the company secured approval from the National Company Law Tribunal (NCLT), Bangalore Bench, for its long-awaited three-way demerger. This move paves the way for the creation of three publicly listed entities, enhancing the company’s operational focus and unlocking shareholder value.
The company, controlled by Fairfax Financial Holdings, had initially announced its demerger plan in February 2024. With this approval, Quess Corp is moving forward as per schedule, and the next steps include share allotment and listing of the new entities – Bluspring Enterprises and Digitide Solutions – within the next two months.
Share Allotment for Quess Corp Shareholders
- All eligible shareholders on the record date will receive one equity share each in Digitide Solutions and Bluspring Enterprises for every Quess Corp share held.
New Entities Post-Demerger
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Digitide Solutions (Resulting Company-1)
- Focuses on BPM Services, Insurtech, and HR Outsourcing (HRO).
- Operates in 30 countries with delivery centers in Manila and India.
- Aims to leverage AI-driven technology for real-time insights, automation, and scalability.
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Bluspring Enterprises (Resulting Company-2)
- Specializes in facility management, food services, security services, and infrastructure maintenance.
- Targets industrial and telecom infrastructure sectors.
Market Outlook
The demerger is expected to streamline Quess Corp’s business operations, allowing the new entities to scale independently in their respective industries. Investors are now eagerly awaiting the listing of Digitide Solutions and Bluspring Enterprises, which is expected to take place within two months.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your research or consult a financial advisor before making investment decisions.
