Quess Corp acquires residual 30% stake in Conneqt for ₹208 crore
April 16, 2021
Conneqt will now become a wholly-owned subsidiary of Quess
Quess Corp, a Bengaluru-based business services provider, has acquired the residual 30 per cent stake in Conneqt Business Solutions Ltd for ₹208 crore, pursuant to a put option notice by Tata Sons.
Following the transaction, Conneqt will become a wholly-owned subsidiary of Quess, the company said a press statement.
Suraj Moraje, Group CEO and Managing Director of Quess Corp, said: “Conneqt has performed remarkably since we acquired it in 2017, with significant milestones achieved in terms of robust revenue CAGR, NPS improvement and reduction of top 10 customer exposure”.
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