At meeting held on 27 January 2021The 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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At meeting held on 27 January 2021The Board of Quess Corp at its meeting held on 27 January 2021 has approved the subscription of 49% equity shares in Taskmo, legal entity name - Stellarslog Technovation, a gig economy start-up for Rs. 10 crore, to be invested in multiple tranches.
Taskmo is a B2B managed marketplace that serves as an on-demand task fulfilment
platform for enterprises seeking to outsource task based operations to a distributed network
of gig workers. It uses an app and web based proprietary algorithm to train, match and
deploy gig workers.
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