Last Updated:June 11, 2025, 13:08 IST
Last year in February, Quess Corp announced the scheme of arrangement, with the creation of three companies including Quess Corp, Bluespring and Digitide Solutions.
Quess Corp Demerger: Shares were trading in red.
Quess Corp Demerger: The spin-offs of Quess Corp Ltd were listed on Wednesday on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Shares of Digitide Solutions and Bluspring Enterprises debuted on the exchanges following their demerger from Quess Corp Ltd.
Digitide Solutions debuted at Rs 245 per share, while Bluspring Enterprises began trading at Rs 89 per share on both exchanges.
Meanwhile, shares of Quess Corp slid 1.33 per cent intraday on Wednesday to trade at Rs 316.25 apiece. Earlier, it opened at Rs 321.60 apiece, against the previous day close at Rs 320 apiece.
“This is in continuation to our letter dated April 21, 2025. We wish to inform that Digitide Solutions Limited and Bluspring Enterprises Limited have received approval from BSE Limited and National Stock Exchange of India Limited for the listing of their equity shares. Effective from Wednesday, June 11, 2025, the equity shares of Digitide Solutions Limited and Bluspring Enterprises Limited shall be listed and admitted to dealings on the Exchanges,” Quess Corp said in a regulatory filing.
Last year in February, Quess Corp announced the scheme of arrangement, with the creation of three companies including Quess Corp, Digitide Solutions for BPM, Insurtech and HRO business, and BlueSpring Enterprises for facility management, Industrial services and Investments.
The platforms include Workforce Management, the staffing firm in India and among the top 5 globally, by headcount; Global Technology Solutions, among the leading domestic BPM and payroll services firms; Operating Asset Management, the largest facility management platform in India by the breadth of services offered; and Product-Led Businesses (foundit, the second-largest talent acquisition platform in India)
The rationale for the demerger:
Simplified corporate structure by separation of scaled platforms into independent entities, each with
a strong market positioning
Enhanced strategic clarity and management focus to accelerate profitable growth
Optimal capital allocation strategy for each entity to invest behind its strategic priorities
Flexibility for each entity to pursue independent and differentiated strategies to drive value creation
Ability for each entity to create a compelling investor proposition and attract investors
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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