Quess Corp owners to raise Rs 680 cr through share sale

Sale to be held on Thursday and Friday; floor price fixed at Rs 800

Thomas Cook India and Ajit Isaac, promoters of integrated business service provider Quess Corporation, will raise around Rs 680 crore through an offer for sale to meet regulatory requirement on promoter shareholding in the company. 

The floor price has been fixed at Rs 800 and the share sale will be held on Thursday and Friday. Thomas Cook India and Ajit Isaac have put on sale 7.5 million and one million shares, respectively. Currently, the promoters hold 81.5 per cent and stock market regulator mandates owner shareholding to be 75 per cent or below. After the share sale, promoter shareholding in the