Quess Corp to Demerge into Three Separate Entities to Drive Growth and Capital Allocation

Company Updates Company Updates

Posted by pallavi on 2024-11-29 17:29:20 |

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 52

---

Quess Corp, a leading recruitment firm, announced plans to demerge into three separate listed entities: Quess Corp Ltd, Digitide Solutions Ltd, and Bluspring Enterprises Ltd. Each entity will focus on distinct areas—Quess Corp Ltd will manage workforce solutions, Digitide Solutions Ltd will offer business process management and insurtech, while Bluspring Enterprises Ltd will provide facility management, industrial services, and investment services.

The demerger, approved by the board, aims to enhance capital allocation, attract investment, and drive growth. Following completion, expected within 12-15 months pending regulatory approvals, shareholders will receive one additional share of each new company for every share held in Quess Corp Ltd. Ajit Isaac, chairman of Quess, highlighted that the demerger would allow for focused management, better capital allocation, and the continuation of an employee-friendly, customer-centric culture within each new entity.

Go!