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Quess Corp to raise up to Rs 150 cr through issuance of NCDs

Press Trust of India  |  New Delhi 

Travel services firm today said its subsidiary Quess Corp's board has given nod to raise up to Rs 150 crore through issuance of NCDs and other debt instruments.

The board of Quess Corp Ltd has "approved issue of Non-Convertible Debentures (NCDs) and other debt instruments of the company for an aggregate amount up to Rs 150 crore, subject to necessary approvals," said in a filing to

The board also gave nod to subscription to compulsorily convertible preference (CCPS) of Manipal Integrated Services Pvt Ltd for Rs 220 crore, it added.

It also approved "of the facility management business and catering business of Manipal Integrated Services Pvt Ltd, Thoams Cook said. Subject to necessary approvals.

"of 74 per cent equity in Inticore VJP Advance Systems Pvt Ltd" was also approved by the board, it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 29 2016. 21:28 IST