Corporate News 28-Jan-21
Board of Quess Corp approves purchase of additional 3.76% stake in Vedang (subsidiary)
At meeting held on 27 January 2021
The Board of Quess Corp at its meeting held on 27 January 2021 has approved purchase of 3.76% shares of Vedang Cellular Services (Vedang), a Subsidiary of the Company from its erstwhile Promoter as per the Promoter's Put Option in the Shareholder's Agreement dated 25 October 2017 for a consideration upto Rs. 70 lakh. Consequently, the Company will hold 92.47% shares in Vedang upon completion of the transfer of shares.
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