• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, July 18, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Quess Corp to buy Allsec Technologies Via open offer

by Udit
April 19, 2019
in Business, News
Reading Time: 1 min read
0
Quess Corp to buy Allsec Technologies Via open offer
TwitterWhatsappLinkedin

Quess Corp said in a report that it Conneqt Business Solutions unit had now entered into the deal to acquire some of the majority stake in the Allsec Technologies in a transaction that could also be valued to be around Rs 398 crore.

You might also like

Wells Fargo Halts China Travel After Employee Faces Exit Ban

Lenskart Eyes $1 Bn IPO After Clocking $755 Mn Revenue in FY25

Tech Mahindra Reports 34% Profit Surge, Beats TCS and HCL with Rs 1,140 Crore Q1 Earnings

Conneqt will buy the 35% stakes of the company from the promoters and 26% of the stake from the Carlyle ventures Mauritius, which makes its totally holing in the company to 61%. According to the report which has been revealed, Quess will now make up an open offer to shareholders of the Allsect to purchase of up to 26% shares of the company.

“The total net cash outflow is expected to be between Rs 271 crore to Rs 398 crore (depending upon the subscription in the open offer and the shares purchased pursuant to underlying Transaction),” Quess told the Bombay Stock Exchange in a regulatory filing.

Allsec, which was founded in the year 1988, has revealed revenue of Rs 25 crore in the Fiscal year 2018. It also has Rs 3500 employees across the globe.

Picture credits: Quess

Tags: acquisition
Tweet54SendShare15
Previous Post

Healthcare platform MyHealthcare Secures $3M Funding

Next Post

Skills That PCB Designers Need To Succeed

Udit

Recommended For You

Wells Fargo Halts China Travel After Employee Faces Exit Ban

by Rounak Majumdar
July 18, 2025
0
Wells Fargo Halts China Travel After Employee Faces Exit Ban

Wells Fargo has suspended all employee travel to China after one of its senior bankers was barred from leaving the country by Chinese authorities. The decision, confirmed by...

Read more

Lenskart Eyes $1 Bn IPO After Clocking $755 Mn Revenue in FY25

by Ishaan Negi
July 18, 2025
0
Lenskart to Join Hands With Kotak Mahindra and Morgan Stanley for $1 Bn IPO

In this article, we will delve into Lenskart’s remarkable journey from a fast-growing eyewear startup to a soon-to-be public company. We’ll explore its financial performance, global expansion, market...

Read more

Tech Mahindra Reports 34% Profit Surge, Beats TCS and HCL with Rs 1,140 Crore Q1 Earnings

by Rounak Majumdar
July 18, 2025
0
Tech Mahindra Reports 34% Profit Surge, Beats TCS and HCL with Rs 1,140 Crore Q1 Earnings

In the first quarter of FY26, Tech Mahindra's net profit increased by an impressive 34% year over year to Rs 1,140.6 crore during the April–June period. This increase...

Read more
Next Post

Skills That PCB Designers Need To Succeed

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?