FilingReader Intelligence

Quess Corp clarifies demerger cost allocation for shareholders

April 14, 2025 at 07:08 PM UTCBy FilingReader AI

Quess Corp (BSE:QUESS) has released guidance for shareholders regarding the allocation of acquisition costs following the demerger of Digitide Solutions Limited and Bluspring Enterprises Limited. The demerger, sanctioned by the National Company Law Tribunal on March 4, 2025, involves the separation of undertakings into Resulting Company 1 (Digitide) and Resulting Company 2 (Bluspring). According to the company's statement, shareholders are advised to apportion their original Quess Corp share cost as follows: 41.71% to Quess Corp, 26.47% to Digitide Solutions Limited, and 31.82% to Bluspring Enterprises Limited. This guidance comes after Digitide and Bluspring issued one equity share each for every one Quess share held on the record date, April 15, 2025. The company emphasizes that this communication is for general guidance only, advising shareholders to seek independent opinions and acknowledge regulatory bodies could interpret differently.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:QUESSBombay Stock Exchange

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