Quess Corp falls 8% as share sales by promoters begin; Thomas Cook up 5%

Quess Corp has dipped 8% to Rs 840 on the BSE in early morning trade after the promoters fixed floor price at Rs 800 per share for offer for sale.

Quess Corp dipped 8% to Rs 840 on the BSE in early morning trade after the promoters share sales through offer for sale (OFS) began from today.

The floor price has been fixed at Rs 800 and the share sale will be held on Thursday and Friday. The floor price is 12.4% discount against Wednesday’s closing of Rs 913 on the BSE.

Thomas Cook India and Ajit Isaac, promoters of integrated business service provider Quess Corp, will raise around Rs 680 crore through OFS to meet regulatory requirement on promoter shareholding in the company. It will use the