Quess Corp to acquire facility management business and catering business of Manipal Integrated ServicesThomas Cook (India) provided the following update received from its subsidiary, Quess Corp (formerly IKYA Human Capital Solutions Limited) -
a. Appointment of Sudershan Pallap as the Compliance Officer and Company Secretary of the Company in place of N.V.S. Pavan Kumar, who has resigned from the post of Compliance Officer and Company Secretary of the Company w.e.f. 28 November 2016.
b. Approved subscription to Compulsorily Convertible Preference Shares ("CCPS") of Manipal Integrated Services Private Limited ("MIS") for Rs. 2,200 million.
c. Acquisition of the facility management business and catering business of Manipal Integrated Services subject to necessary approvals.
d. Acquisition of 74% equity in Inticore VJP Advance Systems subject to necessary approvals.
e. Approved issue of Non-Convertible Debentures (NCDs) and other debt instruments of the Company for an aggregate amount upto Rs.150 crore, subject to necessary approvals.
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