Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

Quess Corp acquires HCL Computing, Monster India

Quess Corp has acquired 100% stake in HCL Computing Products and Monster India. In a meeting held on January 31, the administrative committee of the company has given approval to the acquisition of 100%  stake in HCL Computing Products for Rs.30 crore.

HCL Computing Products is a subsidiary of HCL Infosystems, and the acquisition will be completed on or before March 31,2018.

Further, the company has also signed definitive agreement for acquiring 100% equity in Monster (India) and Quesscorp Holdings Pte Ltd, a subsidiary of Quess Corp, has signed definitive agreements to acquire 100% equity in Monster.com SG Pte Ltd, 100% equity in Monster HK Limited and 49% equity in Monster Malaysia Sdn Bhd.

The company will complete the acquisition on or before March 31,2018 and the value for acquisition of Monster entities is of up to USD 14 million.

Read EquityPandit’s Technical Analysis of Indian Stock Market

Get Daily Prediction & Stocks Tips On Your Mobile