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Quess Corp gets NCLT approval for scheme of arrangement

Capital Market 

On 30 November 2017

Quess Corp announced that the NCLT, Bengaluru Bench vide its order dated on 30 November 2017 (received on 06 December 2017), has sanctioned the scheme of arrangement between Quess Corp ('Quess / Transferee Company') and Manipal Integrated Services ('MIS / Transferor Company') and their respective shareholders and creditors, for demerger of Identified Business (comprising (i) Facility Management Business & (ii) Catering Business) of MIS into Quess. The Scheme shall be effective from the appointed date as mentioned in the Scheme of Arrangement i.e. 01 December 2016.

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First Published: Wed, December 06 2017. 18:36 IST