Liquidity Events
Quess Corp sells 53% stake in compliance services provider Simpliance to Aparajitha
Bengaluru-based, listed business services provider Quess Corp Ltd is to divest its stake in the digital risk and compliance services company, Simpliance Technologies Pvt Ltd to Aparajitha Corporate Services, a HR compliance services company. The enterprise value of the deal is pegged at INR 120 crores, on a cash and debt-free basis. Simpliance provides technology-based governance, risk and compliance solutions to organizations. These include risk management, regulatory compliance and audit software optimized business performance. Quess had made a strategic investment of INR.4.5 crore for its 53% shareholding in Simpliance.
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