Private Equity

Liquidity Events

Fairbridge sells Quess Corp shares worth about Rs.270-Cr

Mint  

Promoters Ajit Issac and Fairbridge Capital (Mauritius) Ltd have sold a 3.39% equity stake in Quess Corp Ltd, the business services provider, via an open market transaction. Ajit Issac and Fairbridge Capital (Mauritius) sold 2 and 3 million equity shares respectively of the total paid-up equity in the Bengaluru-based provider of technological and business service at an average price of INR 900 per share aggregating to INR 450 crore. Foreign institutional investor SmallCap World Fund Inc bought 4.13 million shares or 2.80% in Quess Corp at an average price of INR 900, taking the deal value to INR 371.74 crore.