BENGALURU: Fairfax Financial Holdings-controlled Quess Corp said it will be demerged into three separate listed entities. Quess will focus on workforce management, digitide solutions houses BPM solutions, insurtech and HRO business, and Bluspring Enterprises has facility management and industrial services.
The demerger enhances strategic focus to accelerate profitable growth, optimal capital allocation strategy for each entity to invest behind its strategic priorities and the ability for each entity to create a compelling investor proposition.
Once the process is complete, all shareholders will receive one additional share for each of the new companies, for every share held in Quess Corp. This process of demerger is expected to take anywhere between 12-15 months.
The demerger enhances strategic focus to accelerate profitable growth, optimal capital allocation strategy for each entity to invest behind its strategic priorities and the ability for each entity to create a compelling investor proposition.
Once the process is complete, all shareholders will receive one additional share for each of the new companies, for every share held in Quess Corp. This process of demerger is expected to take anywhere between 12-15 months.