Unlocking Quess Corp's Demerger: 5 Essential Details on Record Date and Shareholding Ratio You Need to Know!

In an exciting development for investors, Quess Corp, a prominent player in the business services sector, is gearing up for a transformative demerger. Following the recent NCLT approval, the company has set April 15 as the record date for this significant business restructuring. This move will see Quess Corp evolve into three independent public companies, offering shareholders a unique opportunity to diversify their investments.

Understanding the Quess Corp Demerger: What’s on the Horizon?

The upcoming demerger will establish three distinct entities, each with its own focus:

Quess Corp: The original company will maintain its operations across existing business sectors.
Digitide Solutions: This new entity will concentrate on the rapidly expanding technology space.
Bluspring Enterprises: Aimed at providing essential business services and consulting.

Important Dates and Share Structure for Investors

For those holding shares in Quess Corp, mark your calendars! The record date of April 15 is pivotal, as shareholders will receive shares in the new companies based on their existing holdings:

1 share of Digitide Solutions for each share owned in Quess Corp.
1 share of Bluspring Enterprises for every share held in Quess Corp.

This means that current shareholders will automatically become part owners of all three newly formed entities, enhancing their investment portfolio.

Trading and Market Debut of New Entities

According to recent filings, Digitide Solutions and Bluspring Enterprises are anticipated to commence trading on the BSE and NSE within two months, contingent upon regulatory clearance. This debut marks a new chapter for investors looking to engage with these innovative companies.

Fresh Leadership Teams for Each Entity

With the restructuring, new leadership teams have been appointed to steer each entity:

Digitide Solutions

CEO: Gurmeet Chahal, a seasoned professional with over 25 years in the North American tech landscape.
CFO: Suraj Prasad, bringing a wealth of experience from Fortune 500 companies.

Bluspring Enterprises

CEO: Kamal Pal Hoda, former Group CFO of Quess Corp, now leading Bluspring.
CFO: Prapul Sridhar, an expert in corporate finance, will guide the financial strategies.

Quess Corp (Parent Company)

CEO: Guruprasad Srinivasan, a founding member with 18 years at Quess Corp.
CFO: Sushanth Pai, who has a robust background in finance from Matrimony.com and global tech firms.

Recent Stock Performance of Quess Corp

In today’s trading session, Quess Corp shares experienced an impressive rise of nearly 3%, peaking at Rs 708.85. Over the past week, the stock has appreciated by 3.5%, and it has delivered a 16% return in the last month. However, trends over six months show an 11% decline, although the stock has gained 25% over the past year.

Year-to-date, Quess Corp’s share price has seen a modest 2% increase, with a market capitalization currently standing at Rs 10,060 crore. The stock’s 52-week high was Rs 875, while the low was Rs 519.

This strategic move presents a thrilling opportunity for investors, as the market anticipates the potential growth of the new entities emerging from the Quess Corp umbrella.