Imagine owning one stock and suddenly finding yourself holding shares in three companies instead. That is exactly what is happening with Quess Corp. A leading business services provider, Quess Corp, is stepping into a new phase of growth. After securing the NCLT approval, the company has officially set the record date for its much anticipated business split. This will make Quess Corp transform into three distinct public entities.
Let’s take a look at what does this means for investors and stakeholders:
Quess Corp Demerger Breaking it down – The three new entities
The demerger will create three separately listed companies:
Quess Corp: The original entity will continue to operate in its existing business verticals.
Digitide Solutions: Focused on the fast-growing technology sector.
Bluspring Enterprises: Aimed at core business services and consulting.
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Talking of the key dates that shareholders should mark in their calendar – the record date for the demerger is April 15. Shareholders of Quess Corp will receive equity shares in the new entities as follows:
1 share of Digitide Solutions for every 1 share held in Quess Corp
1 share of Bluspring Enterprises for every 1 share held in Quess Corp
This means that if you own shares of Quess Corp, you will automatically become a shareholder in all three companies.
Quess Corp Demerger: Trading and market debut
According to the company’s exchange filing, both Digitide Solutions and Bluspring Enterprises are expected to start trading on BSE and NSE within two months, subject to regulatory approvals.
Quess Corp Demerger: New leadership teams
As commonly known by everyone, with a new corporate structure comes a fresh leadership team for each entity:
- Digitide Solutions
CEO: Gurmeet Chahal, a veteran with over 25 years in the North American technology sector.
CFO: Suraj Prasad, a finance expert with extensive experience across Fortune 500 and Indian listed companies.
- Bluspring Enterprises
CEO: Kamal Pal Hoda, previously the Group CFO of Quess Corp, now taking the lead at Bluspring.
CFO: Prapul Sridhar,
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